An Excess & Surplus HO3 policy, commonly known as E&S insurance, is a specialty product designed to provide coverage for homes that aren’t eligible for a standard homeowners insurance policy. Keep reading, or give us a call to see if this policy is the right fit for you!
An excess and surplus homeowners policy includes Coverage A, dwelling coverage, which protects the primary structure. Additional coverages are available and can be added to your policy. Your insurance agent can review your specific coverage needs and help you build a policy that's right for you.
An Excess & Surplus policy includes coverage for damage to the structure—your home—in the event of a covered loss.
Dwelling (Coverage A) Limit: $100,000 - $1,000,000*
Coverage B provides coverage for “other structures” located on the residence's premises such as an unattached garage or a gazebo. Coverage B also includes coverage for structures connected to the home by a utility line or similar connection. Other structures that are used in whole or in part for commercial, manufacturing, or farming purposes are not covered.
Other Structures (Coverage B) Limit: 0% to 70% of Coverage A
Coverage C is available to cover your personal property such as furniture and clothing. Special limits of coverage apply to many classes of property such as jewelry, electronics, tools, and guns in the event of a covered theft loss. Some personal property like motorized vehicles, satellite dishes, and antennas are not covered.
Personal Property (Coverage C) Limit: 0% to 75% of Coverage A*
Coverage C - Personal Property does not apply on vacant or unoccupied properties.
Coverage D provides coverage for the additional living expenses you and your family incur while you are living away from your home which includes the cost of a place to stay, food, and clothing.
Loss of Use (Coverage D) Limit: 0% to 40% of Coverage A
Coverage D - Loss of Use does not apply on vacant or unoccupied properties. The Maximum Coverage D is 20% for all rental property.
Coverage E provides coverage that can protect you in situations that may be unforeseen, such as a friend twisting their ankle on a loose step. Liability coverage also covers certain defense costs - even if the lawsuit filed against you is false, groundless, or fraudulent. Coverage E does not cover liability losses caused by an animal you own or keep. Additionally, Coverage E does not cover liability related to business activities.
Personal Liability Insurance (Coverage E) Limit: $0 - $500,000
Coverage F provides coverage for medical expenses incurred by someone who does not reside in your household who is injured on or by your property. This coverage must be purchased with Personal Liability Coverage.
Medical Payments to Others (Coverage F) Limit: $0 - $10,000