Davis Insurance Service, Inc.
130 Charlois Blvd • Winston-Salem, North Carolina 27103
Telephone 336-777-8500
• Fax 336-723-7087

Privacy Statement

Comparison of Standard Homeowner Form 3 Policy to the Enhanced Homeowner Form HE 7/21      

Coverage

HO-3 Policy

HE7/21 Policy

 

 

 

Replacement cost coverage on dwelling (cost to rebuild back to pre-loss condition)

Optional for an additional charge, 125%-150% cap

Guaranteed (full) replacement cost coverage

Replacement cost coverage on contents (no depreciation taken)

Optional for an additional charge

Included

Contents-covered perils

Named perils

All risk

Law & Ordinance

Caps at 10% of coverage on dwelling

Caps at amount of coverage on dwelling

Primary mortgage expense

Not Available

Pays the first mortgage payment while the residence premises is not fit to live in due to a covered loss, for up to 12 months/payments; part of Loss of Use coverage.

Watercraft

$1500

$2500

Trailers

$1500

$3500

Money sublimit

$200

$1000

Securities sublimit

$1500

$5500

Business personal property, on premises

$2500

$5000

Business personal property, away from premises

$500

$1500

Credit card/fund transfer card forgery

$500

$5000

Jewelry sublimit

$1500 (theft only)

$5500 (theft, misplacing or losing, $1500 per item limit)

Firearms sublimit

$10,000 (theft only)

$10,000 (theft, misplacing or losing)

Silverware sublimit

$10,000 (theft only)

$10,.000 (theft, misplacing or losing)

 

Land coverage

Not available

Pays up to $10,000 to replace, stabilize, or rebuild the land necessary to support the dwelling or other structure as a result of a covered loss.  This is additional insurance and no deductible applies.

Water back-up of sewers or drains

Optional for additional charge

Automatic coverage for up to $20,000; optional for up to policy limit at $25 charge

Loss assessment

$1000

$5000

Personal injury

Optional for an additional charge

Included

Lock replacement

Not available

$500 (if keys are stolen)

Debris (tree) removal

$1000 for any one occurrence, regardless of the number of fallen trees

$2000 for any one occurrence with a $1000 limit per tree

Reward coverage

Not available

$2500 leading to the arrest and conviction of the person committing the crime, resulting in a loss and $5000 for the return of stolen covered property.  This coverage is additional insurance.

Witness expense

Not available

$250/day loss of earnings and $50/day expenses up to a max of $3000 to appear as a witness in court to prosecute person charged with committing a crime against insured’s property resulting in a covered loss.  This is additional insurance and no deductible applies.

Directors & officers coverage

Not available

Affords liability coverage up to policy limits when an insured acts in the capacity of an unpaid director or officer of a not-for-profit corporation or organization.

Deductible waived on losses exceeding $50,000

Not available

Included

Property in vault coverage

Not available

Provides a single maximum limit of $50,000 for loss to or theft of silverware, jewelry, and/or securities in any one occurrence when such property is in a safe deposit box stored in a bank vault.

Trees, shrubs, other plants coverage

$500  per plant limit

$1000 per plant limit

Fire department service charge

$500

$1000

Power interruption coverage

Not available

Provides for loss of use for up to 7 days beginning after the first 2 days of loss of use.
 

Business pursuits of minors

Not available

Limit of liability applies to insured minors involved in occasional or part-time, self-employed business pursuits normally undertaken by minors.

 

Disclaimer:  The above comparison is a brief summary and is not designed to give complete coverage or to change or alter the coverage given by your policy contract. 


Davis Insurance Service, Inc.
Post Office Box 3134 • Winston-Salem, North Carolina 27102
130 Charlois Blvd • Winston-Salem, North Carolina 27103
Telephone 336-777-8500 • Fax 336-723-7087