Homeowners | AIS Insurance Group, Inc.

Homeowners

A Homeowners Insurance policy provides coverage for the following:

•Home and attached structures
•Unattached structures on your property such as a garage
•Household and personal possessions on your property or anywhere else in the world
•Personal liability for property damage or bodily injury claims brought against you anywhere
in the world
•Loss of use of your home for the extra cost of living elsewhere while the house is being restored after a disaster.
•Medical payments to others who are injured in an accident on your premises
•Identity Theft Resolution Services

There are several additional coverages that can be added to a policy as an endorsement. Some optional endorsements include:

Sump pump overflow/sewer backup – You’ll have coverage for water damage to your property if your sump pump overflows or your sewer backs up.

Equipment Breakdown – Coverage for your household equipment such as televisions, air conditioning, and kitchen appliances against electrical arcing and mechanical breakdown.

Optional Identity Theft Expense Coverage – Covers expenses incurred to regain your identity, such as legal fees and lost income.

Replacement Cost Coverage

You can also choose higher limits on valuables such as jewelry, cameras, furs and silverware.

All-risk Policy

An All-risk or HO5 policy offers the broadest coverage. This covers all perils except for those that are specifically excluded in the policy.

The following discounts are also offered on many Homeowners policies:

•Multi-Policy Discount
•Loss Free Discount
•Central Station Alarm Discounts
•Non-smoking Household
•Higher Deductibles
•New Home Discount

*Coverage for flood and earthquake damage is always excluded and must be purchased separately

Tenant

A Tenant policy provides coverage for your personal property and personal liability if you rent an apartment or home. Your policy covers:

•Loss or damage to your personal property anywhere in the world
•Additional living expenses when your rented apartment or home is damaged
•Personal liability in case of injury to others or damage to someone else’s property
•Medical expenses paid to others who are injured in your rented apartment or home
•Identity Theft Resolution Services

There are several additional coverages that can be added to a policy as an endorsement. Some optional endorsements include:

Sump pump overflow/sewer backup – You’ll have coverage for water damage to your property if your sump pump overflows or your sewer backs up.

Optional Identity Theft Expense Coverage – Covers expenses incurred to regain your identity, such as legal fees and lost income.

Replacement Cost Coverage

You can also choose higher limits on valuables such as jewelry, cameras, furs and silverware.

Several carriers offer the following discounts on their Tenant policies:

•Multi-Policy Discount
•Loss Free Discount
•Alarm Discounts
•Higher Deductibles

Condominium

A Condominium insurance policy provides coverage on contents and on any part of the building which the unit-owner is required to insure by written agreement with the condominium association. Your policy covers:

•Loss or damage to your personal property anywhere in the world
•Additional living expenses when your condominium is damaged
•Medical expenses paid to others who are injured in your condominium
•Personal liability in case of injury to others or damage to someone else’s property
•Common loss assessments made by the condominium association for all unit-owners
•Identity Theft Resolution Services

There are also several additional coverages that can be added to a policy as an endorsement. Some optional endorsements include:

Sump pump overflow/sewer backup – You’ll have coverage for water damage to your property if your sump pump overflows or your sewer backs up.

Equipment Breakdown – Coverage for your household equipment such as televisions, air conditioning, and kitchen appliances against electrical arcing and mechanical breakdown.

Optional Identity Theft Expense Coverage – Covers expenses incurred to regain your identity, such as legal fees and lost income.

Replacement Cost Coverage

You can also choose higher limits on valuables such as jewelry, cameras, furs and silverware.

Many carriers offer the following discounts on their Condominium policies:

•Multi-Policy Discount
•Loss Free Discount
•Alarm Discounts
•Higher Deductibles

Dwelling Fire

A Dwelling Fire policy is typically designed for landlords of tenant-occupied, 1- to 4- unit dwellings and provides coverage for a dwelling that you own and rent to others. Dwellling Fire insurance can be a great alternative for landlords who want to protect their buildings but do not need to insure the personal possessions of their tenants. A Dwelling Fire policy is also designed for a Secondary, Seasonal/Vacation, or any dwelling that you own and occupy on an occasional basis. We offer a variety of policy options that provide different coverage levels to suit your insurance needs.

Vacant Home

Many insurance companies don’t like to cover a vacant home because it is more likely to suffer certain kinds of damage, such as a break-in by kids or vagrants, or damage that grows to a large scale, for example a water leak that goes undetected for weeks.

When a home becomes vacant, a standard homeowners policy may give the carrier the right to cancel mid-term, lower coverage levels, or even deny a claim.

What you need is a policy that is specifically written for the risks of a vacant property. It applies to these common circumstances:

•You own rental property and are between tenants
•You’ve moved for a new job but your house is unsold
•A Property is undergoing renovations
•As executor, you are selling a house to close an estate

Policy Coverage Options

• 3-, 6- or 12-month term options
• List of specific covered causes of loss
• Actual cash value loss settlement

Personal Umbrella

Most people rely on their primary automobile and homeowners insurance to protect them from lawsuits, but primary insurance only covers you to a certain point. That’s where a Personal Umbrella policy comes in. A Personal Umbrella policy provides additional liability coverage on your homeowners and automobile policy from $1 million to $5 million.

For example:

A visitor to your home gets bit by a family dog. A jury awards the victim $500,000, an amount that exceeds your homeowners’ liability limit.

While helping you shovel snow from your driveway, your neighbor slips on ice and severely injuries his back. The jury rewards $1,500,000, an amount that exceeds your homeowners’ liability limit.

Please contact us if you are interested in obtaining a quote

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