• Personal Articles Form

    Personal Articles Form Scheduling of Valuable Personal Articles Summary: The personal articles floater is a method used to provide coverage on those particular classes of valuable personal possessions that are most frequently insured on a scheduled, open perils basis. It constitutes a convenient...

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  • Standard Homeowners Endorsements

    Standard Homeowners Endorsements Tailoring to Coverage Needs Summary : The coverages of the standard homeowners forms (Forms HO 00 02, 03, 04, 05, 06, and 08) are designed to provide the kinds of insurance protection that most homeowners will need. But the needs of individual insureds can...

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  • Meaning Of "Collapse"

    Meaning Of "Collapse" Does Coverage Require Total Collapse? —Review of Court Decisions Summary: The question that arises often has to do with the meaning of “collapse of a building or any part of a building.” Coverage for the peril of collapse is provided in the Insurance Services...

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  • Effect of Insureds' Declarations or Statements

    Effect of Insureds' Declarations or Statements Misrepresentations in Application and Post Loss Can Void Coverage Summary: An insured's misrepresentation in obtaining coverage or fraud involving the policy can void coverage. Property and liability policies almost universally contain provisions...

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  • ISO Homeowners Comprehensive Form, HO 00 05

    ISO Homeowners Comprehensive Form, HO 00 05 Open Perils Coverage for Personal Property Summary: Insurance Services Office (ISO) introduced form HO 00 05 10 00 , which provides open perils coverage for personal property as well as buildings, in the 2000 forms revision. The form existed...

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  • Recognizing the Vandalism Peril

    Recognizing the Vandalism Peril Absent Policy Definition, Term Is Open to Interpretation Summary: Named perils property policies, such as the homeowners HO 00 02 05 11 and,  HO 00 03 05 11 that include vandalism coverage generally insure for direct physical loss to the described property...

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  • Replacement Cost Insurance

    Replacement Cost Insurance Actual Cash Value vs. Actual Cost Summary: These pages consider replacement cost coverage as a feature of the Insurance Services Office (ISO) broad and special homeowners and dwellings forms. Included are references to the 2011 homeowners endorsements, which...

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  • What Is "Fire"?

    What Is "Fire"? To Cover or Not to Cover Summary : Although fire insurance has been accepted as a routine form of protection for many generations, “fire” has never been defined in any standard insurance policy insuring against the peril of fire, or in any form or endorsement commonly...

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  • Aircraft or Vehicles as Cause of Loss

    Aircraft or Vehicles as Cause of Loss General Discussion Summary: A standard feature of property insurance forms (commercial and homeowners) is coverage for direct physical loss of or damage to covered property caused by or resulting from aircraft or vehicles; these causes of loss apply under...

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  • The Matching Game and Pre-Loss Conditions

    The Matching Game and Pre-Loss Conditions Patching Can Preclude Indemnity By Christine G. Barlow From the May 2012 issue of Claims Magazine One of the most common questions I receive regards matching. Typically what happens is there is a loss on the premises that affects a portion of the roof,...

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  • Fine Art Insurance

    Fine Art Insurance Fine Art Insurance Summary : The world is full of beautiful things: paintings, sculpture, glass works, textiles, figurines, jewelry, and other items. Some items were made centuries ago and have historic, as well as artistic, value. While many individuals collect such things,...

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