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** Remember we can only provide quotes for business and
residents of Hawaii. Please see the disclaimer
for more details and thank you again for your interest.
The Rental Unit
Package Policy: a renter's policy combines property, liability,
and crime coverage in a single policy form. This policy is designed for
those renting a unit to cover their personal property. It is divided into
two basic sections: Section I - Property Coverages and Section II Liability
Coverages.* This is a named peril policy, see policy declaration
for details on specific listed perils covered.
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Personal Property Value: This
is an estimated value of the personal property you own or use. Section I of
this policy is specifically designed to cover losses of this personal property.
Certain unscheduled items have special limits of liability or ceilings as to
how much will be covered. Ask your agent to determine if additional coverage
is needed to provide you adequate protection for those items.
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Deductible: |
The portion of a loss considered the responsibility
of the insured. This is the dollar amount which will not be reimbursed
by the insured.
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| Section
I: |
Four basic coverage areas that make up Section
I provides coverage for an insured's property. The coverage includes: |
| Coverage
A: |
The Dwelling: Not a coverage with this
type of policy.
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| Coverage
B: |
Other Structures: Not a coverage with
this type of policy.
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| Coverage
C: |
Unscheduled Personal Property: An insurer
will cover unscheduled personal property owned or used by an insured anywhere
in the world. At the insured's request, the company will cover personal
property owned by:
(1) Others while the property is on the part of the residence premises
occupied by the insured.
(2) A guest or a residence employee, while the property is in any residence
occupied by an insured.
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| Coverage
D: |
Loss of Use: If the dwelling is uninhabitable
following a covered loss the insurance company will provide the insured
with either of the following benefits: Additional Living Expense,
meaning any necessary increase in living expenses incurred by the insured
so that his household can maintain its normal standard of living; or Fair
Rental Value, meaning the fair rental value of that part of the residence
premises where the insured resides less any expenses that do not continue
while the premises is not inhabitable.
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| Section
II: |
This section of a homeowners contract provides
personal liability coverage. It's comprised of Personal Liability and Medical
Payments to others. |
| Coverage
E: |
Personal Liability: Coverage is provided
to an insured under this section if a claim is made or a suit is brought
against the insured for damages due to a bodily injury or property damage
to others. The insurer will pay up to the limit of liability in damages
for which the insured is legally liable, and provide a defense at company
expense even if the suit is groundless, false or fraudulent. The basic
limit of liability provided by a homeowner contract is $100,000 under the
HO-91 program. This amount may be increased according to your needs.
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| Coverage
F: |
Medical Payments: Under this section
of coverage the company will pay necessary medical expenses incurred or
medically ascertained within three years from the date of an accident causing
bodily injury. Medical expenses means reasonable charges for medical, surgical,
X-ray, dental, ambulance, hospital, professional nursing, prosthetic devices,
and funeral services. This coverage does not apply to the insured or
regular residents of the household except residential employees. The
basic limit of liability provided by this section of coverage is $1,000
per person. This amount may also be increased according to your needs.
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* Please refer to your policy for specific details on coverage
and exclusion details.
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