RENEWALS: All eligible policies that renew their coverage during 2014 will find two new coverages:
NEW BUSINESS: All eligible policies will have these two new coverages as options on New Business beginning with policy inception dates of January 1, 2014.
Service Line Coverage
Physical damage to a covered service line:
Water, well and sewer
Outdoor heat source
Replacement up to 150% of replacement cost for replacement that improves the environment, is more efficient or safer.
Repair of damaged service line.
Loss of use/rents.
$10,000 Limit with a $500 Deductible for any service line failure
Home Systems Protection Coverage
Home Systems Protection (trigger)
Covered Causes of Loss
We will pay for sudden and accidental:
mechanical or electrical breakdown
tearing apart, cracking, burning, bulging of a steam or hot water heating system, or
an air conditioning system
that results in direct physical damage to covered equipment.
Equipment Covered Property Under Coverage A, B & C
Heating and air systems
Ventilation systems & fans
Pool and spa and exercise equipment
Electric garage door mechanisms
Chair lifts and elevators
Appliances, entertainment and media equipment
Limit: $50,000 Deductible: $ 500
Loss of Use