On October 1, 2015 in most states, ISO’s new HO endorsements designed to resolve the potential “Where You Reside” coverage gap became effective. In less than two weeks later, we heard of yet another claim where someone may lose a home they own or otherwise suffer a significant uninsured loss. This article discusses that claim…
It is not uncommon for a homeowner to serve as his or her own general contractor when building a new home. When doing so, there is an exposure to claims made by contractors and their employees if injured during construction. In fact, such claims can arise regardless of the homeowner’s status as general contractor or…
An insured has 15 rental properties, none more than 4 units. An insurer covers them under 15 dwelling policies and has endorsed his homeowners policy to extend liability coverage to each of them. The agent has recommended commercial insurance, including a CGL policy rather than an HO endorsement, as he feels it is better coverage.…
In 2010, ISO filed its first major revision to its homeowners program in a decade. In this article, Ted Kinney reviews the 27 major changes to HO forms and endorsements, ranging from the vermin exclusion to coverage for riding lawn mowers. This is a preliminary review…look for further articles as our analysis intensifies in response…
In most major insurance filings there are policy changes that broaden coverage, some that restrict coverage, and some that claim to make “no change” in coverage. In this article, we’ll take a look at the “best” changes (from a policyholder’s perspective) in the new ISO HO2000 program. In another column, I’ll examine the “worst” changes.
