Home & Property – PA Vacant / Renovation / Under Construction – Erie Insurance

COVERAGE OVERVIEW   HomeQuote

Coverage perils can be selected as

  • Basic Peril Form…Fire, Lightning, Explosion, Windstorm, Hail, Riot, Civil Commotion, Aircraft, Vehicles, Smoke,Vandalism & Malicious Mischief, Sonic Boom, Glass     Breakage (building coverage only)
  • Peril Form…adding Theft, Falling Objects,Sudden & Accidental Tearing Apart  / Burning / Bulging of Heating or A/C Systems (excludes freezing),  Accidental Discharge of Liquid/Steam from Plumbing/  Heating / Appliance (exclusions apply),  Freezing, Sudden & Accidental Damage from Artificially Generated Electric Current, Weight of Ice & Snow
  • Comprehensive Peril Form…

All physical damage is covered except exclusions such as war, nuclear radiation, earthquake, flood, radon, and others listed in the policy.

Claim Settlement Options include

  • Replacement Cost
    (Dwelling, Other Structures,     Personal Property, Building      Alterations & Additions)
    No depreciation, repair or replacement matches kind & quality before covered loss
  • Functional Replacement Cost
    (Dwelling, Other Structures)
    No depreciation, repair or replacement; uses modern materials and techniques
  • Actual Cash Value
    (Dwelling, Other Structures, Personal Property, Building Alterations & Additions) Depreciation for age, wear, tear

BUILDING/OTHER STRUCTURES

You may choose perils and claim settlement options.  The standard limit for Other Structures is 20% of the Dwelling – may be increased.

BUSINESS CONTENTS

You may choose perils and claim settlement options – major appliances to full furnishings.

POLICY DEDUCTIBLE

Raising your deductible (portion you pay) lowers your premium.

LOSS OF USE

Covers the extra expense of living elsewhere (owner-occupied) or the loss of rental income (tenant occupied), up to 12 months, you incur while your home is rebuilt after a covered loss.

MEDICAL PAYMENTS

Offers assistance to visitors injured at your rental home, even when you are not negligent.

LIABILITY

Provides legal defense and a settlement

  • to those you may injure, or
  • for property you may damage.

LOSS ASSESSMENT

$5,000 limit if assessed by an association for a qualified insurance loss

ORDINANCE OR LAW

$20,000 for additional expenses to repair/rebuild after a covered loss

PARTIAL LIST of OPTIONAL COVERAGES

  • Sewer & Drain Back-Up
  • Earthquake
  • Other Structures Exclusion
  • Sinkhole Collapse
  • Rental Manufactured Home Bundle ($35)
    ID Recovery; 24 months Loss of Use; $40,000 Ordinance or Law; $10,000 Siding & Roof Restoration

REVIEW

We ask for the opportunity to review your needs when purchasing home insurance.  We also provide a written review each year.

DISCLAIMER: This brochure is provided as a convenient summary.  It is not an offer of coverage.  Details, limitations and exclusions are found in the actual policies.

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