Homeowners Standard Form
This is the most basic type of policy you can buy.
You are insured against named perils on both the dwelling and contents. What named perils generally covers you for are:
- fire or lightning
- explosion
- smoke
- falling object
- impact by aircraft or land vehicle
- riot
- vandalism & malicious acts
- water damage
- windstorm or hail
- transportation
- theft
- collapse
- fuel leakage
- electricity
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Each one of these areas that are covered have certain restrictions & conditions applied to them.
Coverage limits with the Standard Policy are lower than with both the Comprehensive & Broad Forms.
For all forms, you may "schedule" items such as jewellery, camera item, etc, for a stated value and pay a separate premium for this. They would then be insured for the full "scheduled" amount with no deductible being applicable in the event of a loss.
The above text is intended to be a brief overview only. For a detailed description of this type of package, refer to an actual policy wording or contact us at:
customer-service@dodgson-insurance.com
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