Homeowner Insurance Optional Endorsements
Homeowner Optional Endorsements add additional coverage to your insurance policy, and can be tailored to fit your insurance needs. Below is a list of common optional endorsements offered at Armed Forces Insurance:
- Replacement Cost Coverage (RCC)
RCC changes loss settlement for unscheduled personal property from Actual Cash Value payment (cost to replace less depreciation) to Replacement Cost (the amount you actually pay to replace the item with a new item of like kind and quality).
- Replacement Cost Enhancement (RCE)
RCE provides Replacement Cost Coverage (RCC) for contents and insures the dwelling up to 25% over the dwelling limit on the policy.
- Other Structures Increased Limits
Other Structures Increased Limits provides limits in excess of the automatic 10% of the dwelling amount included in the standard Homeowner Policy.
- Ordinance or Law Coverage
Ordinance or Law Coverage extends building coverage to apply to additional costs resulting from ordinances or laws regulating construction, repair, or demolition of property.
- Water Back Up and Sump Overflow Endorsement
Water Back Up and Sump Overflow Endorsement provides limited coverage for perils normally limited by the Homeowner policy such as:
a. Water which backs up through sewers or drains; or
b. Water which overflows from a sump, sump pump or related equipment even if such overflow results from the mechanical breakdown of the sump pump. This coverage does not apply to direct physical loss of the sump pump, or related equipment, which is caused by mechanical breakdown.
* Must review endorsement for specific details as limits and exclusions apply.
- Special Computer Coverage
Special Computer Coverage expands the types of loss for which computer equipment is covered. This endorsement does not increase the limits of Personal Property Coverage and it excludes business computers. The Homeowner policy deductible applies to this coverage.
- Earthquake Coverage
Earthquake Coverage provides coverage for damage from an earthquake (including land shock waves or tremors before, during, or after a volcanic eruption) for the dwelling, other structures and personal property. The earthquake endorsement includes a special deductible which is usually equal to 10% of the dwelling coverage limit. This deductible applies separately to each category of coverage. Earthquake coverage for California residences is provided as a separate policy through the California Earthquake Authority (CEA). California residents should contact an agent for assistance at 800-495-8234.
- Loss Assessment Coverage
Loss Assessment Coverage increases the coverage limit of liability for covered losses assessed against you by your homeowner or condo association. Check with your association for the amounts that can be assessed against you to ensure you are properly covered.
- Alarm System
Premises Alarm Systems Endorsement provides a premium credit for burglary, fire, or sprinkler systems.
The homeowner optional endorsements listed above are only a sampling of the endorsements that are available through Armed Forces Insurance. If you have a unique insurance need or situation that requires additional coverage, contact our agents at 800-495-8234 to discuss your needs.
Policies and endorsements vary by state. Limits and conditions also vary and our agents can assist you with your questions.
*All policies and endorsements are subject to underwriting approval. Coverages, deductibles, limits, and discounts vary by state.