HOME INSURANCE

All property policies - whether for your home, seasonal, revenue property or personal belongings- essentially come in four different forms:

The Basic Policy ("Fire and E.C.") covers fire, lightning, explosion, smoke, falling objects, impact, limited water escape and windstorm/hail - 'Named Perils'. This is often all that is available for revenue and seasonal properties

Further coverage for burglary and vandalism is available for qualifying secondary and seasonal dwellings.

The Standard Homeowners Policy is also a 'Named Perils' policy. It adds theft, limited transportation coverage, collapse and escape of fuel oil. It may be available for qualifying seasonal properties.

The Comprehensive Homeowners Policy is 'All Risk'. While there are exclusions for uninsurable 'Perils', this is the broadest coverage available. Your Renfrew Representative sells only Comprehensive Home Policies and insists on All Risk and Replacement Cost coverage on all other property on your behalf (unless a special risk issue exists, of which you will have been notified).

Flood Damage caused by flood - surface water - is not insurable. Nor is seepage (above and below surface). Water escape from a sewer can be covered. Damage caused by freezing is covered, provided that you have not been away for more than 4 consecutive days during the normal heating period or have a competent person check on it daily during that period or have turned off the water and drained all pipes and appliances.

Personal Umbrella Liability Policies
$1,000,000.00 limits are generally accepted as sufficient for Personal Liability. Some Lawyers recommend as much as $5,000,000.00. Your situation may require more. Personal Liability Excess and Umbrella Policies are available for limits of $2,000,000.00 to $5,000,000.00 and as much as $10,000,000.00. These are personal decisions and should be reviewed with your Renfrew Representative.

Home Computers
Your personal home computer is covered while at your home. Personal (vs. Business) software is also covered but is limited (most policies have a $2000.00 to $5000.00 Limit). There are limitations to the coverage on your computer when it is not at home or if it is being used for business. Naturally, laptop or portable computers are a particular concern. Please call your Renfrew Representative if you have a home computer, especially if it is used away from home or for business.

Home Business
Your business property at home, or elsewhere, is not covered under your Home Policy. If you have a Home Business please let us know and we will insure it for you. Business property at your home that belongs to your employer should be covered by your employer's insurance.

Did You Know...
Most Policies Are Limited In Their Coverage Of The Following:

• Business Property (generally $1500.00 at your home only)
• Property at other locations you occupy
• Property being moved or in storage
• Boats and Trailers
• Bicycles ($500.00)
• Jewelry (generally $2500.00)
• Outdoor Antennae
• Accidental Breakage

Please contact your Renfrew Representative if you require more information or want to increase coverage on these items.