Quick Reference Fact Sheet

                                                                        Revised  3/31/2009




PERILS INSURED AGAINST: Fire, Lightning, Explosion, Extended Coverage (Windstorm, Hail, Riot, Riot Attending a Strike, Civil Commotion, Aircraft, Vehicles and Smoke), Vandalism and Malicious Mischief, Time Element (Rental Value and Additional Living Expense); Broad Form Coverage (includes Extended Coverage and Vandalism and Malicious Mischief, property damage by burglars (not theft of property), falling objects, weight of ice, snow or sleet, accidental discharge of water or steam, sudden cracking of a steam or hot water heating system, freezing, and sudden damage from artificial electric currents).

INSURANCE SERVICES OFFICE FORM: DP 00 01 (BASIC FORM)

STANDARD DEDUCTIBLE: $250
OPTIONAL DEDUCTIBLES: $500, $1,000, $2,500
ELIGIBILITY: 1-4 FAMILY DWELLINGS
HOUSEHOLD FURNISHINGS
MINIMUM LIMITS: NONE
MAXIMUM LIMITS:


COVERAGE TYPE
___________


OCCUPIED
___________
SUBJECT TO LOSS CONTROL _____________
VACANT OR
UNOCCUPIED
_____________
1-4 FAMILY DWELLING $600,000 N/A $100,000
HOUSEHOLD FURNISHINGS
AND ADDITIONAL
LIVING EXPENSE
$250,000 N/A N/A
RENTAL VALUE
PER LOCATION
$50,000 N/A N/A


NOTE:
RENTAL VALUE IS NOT AVAILABLE FOR UNOCCUPIED / VACANT BUILDINGS.

MINIMUM PREMIUM: $50.00
LOSS VALUATION METHOD: ACTUAL CASH VALUE
DEPOSIT REQUIREMENTS: HOUSEHOLD FURNISHINGS - $50.00
DWELLING COVERAGE - $75.00 FOR EACH $50,000 OF COVERAGE REQUESTED OR FRACTION THEREOF
RATING FORMULA: LOSS COSTS PUBLISHED BY THE INSURANCE SERVICES OFFICE  (X)  ISO KEY FACTOR  (X) NYPIUA  LOSS COST MULTIPLIER  (X)  NYPIUA ADJUSTMENT FACTOR

LOSS COST MULTIPLIER:
Effective 02/01/09   New Business 
Effective 04/01/09   Renewal
FIRE: 2.071
ALL OTHER LINES: 2.033
NYPIUA ADJUSTMENT FACTOR:
HOUSEHOLD FURNISHINGS: 1.10
OWNER OCCUPIED DWELLINGS: 1.05
NON-OWNER OCCUPIED DWELLINGS: 1.30
BROAD FORM: 1.20



Back to the facts

Back to home page