Coverage Highlights
Carrier Information Flier for Mortgage Companies

Condo Unit Owner (HO-6) Coverage Details

• ISO Based coverage forms
• Units can be owner or tenant occupied
• Short-term rental exposure is acceptable
• Cooperative units are acceptable
• Trusts, LLCs, and Condominium Associations can be added as an additional insured
• $1,000 base deductible
• Credits available for documented alarm systems, secured buildings, and fire sprinkler systems
• Direct bill
• Condos must be 50 years or newer. Roof update information will be required for condos that are 25 years or older in a coastal county and 40 years or older in a non-coastal county

Coverages Options

• Maximum property limit: $750,000 TIV for property coverage (Coverages A-D combined)
• Personal Liability (Coverage E) $300,000; $500,000; or $1,000,000
• Medical Payments to Others (Coverage F) $5,000 or $10,000
• Personal Property Replacement Cost Endorsement automatically included
• Special Personal Property Endorsement (HO 05 24 05 11) automatically included
• Unit Owners Coverage A Special Coverage (HO 17 32 03 22) endorsement available

Distance to coast requirements

• ALABAMA risks:
  • Wind coverage excluded within 5 miles of the Gulf Coast and 2 miles of Mobile Bay
• GEORGIA risks:
  • Minimum Wind/Hail Deductible:
    • Less than 1 mile to salt water = 5% deductible
    • 1-2 miles from salt water = 3% deductible
    • 2-10 miles from salt water = 2% deductible
• FLORIDA risks:
  • Wind coverage will be excluded:
    • Within 2 miles of salt water in the Panhandle (Escambia to Jefferson)
    • Within 1 mile of salt water in the rest of the state
    • Wind coverage to be excluded in Monroe County
  • Minimum 10% Wind/Hail Deductible in Tri-County (Palm Beach, Broward, and Miami-Dade counties)
  • Minimum 5% Wind/Hail Deductible rest of state
• NORTH CAROLINA and SOUTH CAROLINA risks:
  • Wind coverage excluded within 1 mile of salt water and on barrier islands
  • Minimum Wind/Hail Deductible:
    • 1-2 miles from salt water = 3% deductible
    • 2-10 miles from salt water = 2% deductible
• TEXAS risks:
  • Wind coverage excluded within 5 miles of salt water
• VIRGINIA risks:
  • Wind coverage excluded on barrier islands
  • Minimum 2% Wind/Hail Deductible for properties within 10 miles of salt water