HO3 Coverage Comparison

Document was prepared to provide a quick reference guide and does not supersede or change any of the coverages or exclusions existing in the actual policy form.

Coverage
Description

Citizens
Multi-Peril Policy

Safepoint Insurance Company HO3

Comments or Explanations

Building Coverage

Coverage Type

Special

Special

 

Loss Settlement

Replacement Cost

Replacement Cost

 

Partial Building Losses

ACV initially, then we will pay any remaining amounts necessary to perform such repairs as work is performed and expenses are incurred

ACV initially, then we will pay any remaining amounts necessary to perform such repairs as work is performed and expenses are incurred

If a total loss occurs, we will pay the full limit of Coverage A

Are pool cages, porches, carports and fences covered under Coverage A?

The following attached structures are not covered: Awnings, aluminum carports and aluminum framed screened enclosures. Any structure enclosed by screens on more than one side, constructed to be open to the weather. Carports, open sided porches that have a roof covering, and patios that have a roof covering, not constructed of and covered by the same or substantially the same materials as that of the primary dwelling.

The following un-attached structures are not covered: Awnings, aluminum carports and aluminum framed screened enclosures. Any structure enclosed by screens on more than one side, constructed to be open to the weather. Carports, open sided porches that have a roof covering, and patios that have a roof covering, not constructed of and covered by the same or substantially the same materials as that of the primary dwelling. Screened enclosures and carports can be included for the peril of Hurricane for an additional premium.

 
Other Structures Coverage

Coverage Type

Special

Special

 

Percentage of Building Coverage

2% Standard; Options 0%, 5% and 10%

10% Standard; Options 0%, 2% and 5%  Specific Structures Increased Limits up to 70% may be purchased.

 

Loss Settlement

Buildings at Replacement Cost; Structures that are not buildings are ACV

Building at Replacement Cost; Structures that are not buildings are ACV

 

Are pool cages, porches, carports and fences covered under Coverage B?

The following un-attached structures are not covered: Awnings, aluminum carports and aluminum framed screened enclosures. Any structure enclosed by screens on more than one side, constructed to be open to the weather. Carports, open sided porches that have a roof covering, and patios that have a roof covering, not constructed of and covered by the same or substantially the same materials as that of the primary dwelling. Also, slat houses, chickees, tiki-huts, gazebos, cabanas, canopies, pergolas or similar structures constructed to be open to the weather.

The following un-attached structures are not covered: Awnings, aluminum carports and aluminum framed screened enclosures. Any structure enclosed by screens on more than one side, constructed to be open to the weather. Carports, open sided porches that have a roof covering, and patios that have a roof covering, not constructed of and covered by the same or substantially the same materials as that of the primary dwelling. Also, slat houses, chickees, tiki-huts, gazebos, cabanas, canopies, pergolas or similar structures constructed to be open to the weather.

 

Permitted Incidental Occupancies

Not Available

Available for an additional premium

 
Contents Coverage

Coverage Type

Broad

Broad

 

Percentage of Building coverage

25% Standard; Coverage available up to 50% Contents can also be reduced to zero with written signed request from insured.

50% Standard; 25% is also available. Contents can also be reduced to zero with written signed request from insured.

Theft of Personal Property while off premises is not covered.

Loss Settlement

ACV on Personal Property unless Replacement Cost Coverage is purchased for an additional premium

ACV on Personal Property unless Replacement Cost Coverage is purchased for an additional premium

 
Loss of Use Coverage

Percentage of Building Coverage

10%

10%

 

Time Limit

Up to 24 months from date of loss

Up to 24 months from date of loss

 
Liability

Available

$100,000

$100,000 & $300,000 available

 
Medical Payments

Available Limits

$2,000

$2,000

 
Extra Coverages

Ordinance or Law Limit

25% or  50% of coverage A

25% or  50% of coverage A

 

Fungi, Wet or Dry Rot, Yeast or Bacteria

$10,000 Property Limits; $50,000 Liability Limits

$10,000 Property Limits; $50,000 Liability Limits. May be increased to $25,000 or $50,000 Property and $100,000 Liability.

 

Loss Assessment

$1,000

$1000, $2000 or $3000 also available

 

Debris Removal Limit

Covered (up to 5% of Coverage A; Additional Limits available if Coverage A is depleted)

Covered (up to 5% of Coverage A; Additional Limits available if Coverage A is depleted)

 

Tree Removal Limit

$500

$500

 

Business Property Coverage Limit

$2,500 on premises; $250 off premises

$2,500 on premises; $250 off premises

 

Food Spoilage Limit

$500

$500

 

Water Backup, Sewer and Drains

Not Available

$5,000

 
Special Limits of Liability

Money, Coins and Medals

$200

$200

 

Securities and Collectable Stamps

$1,000

$1,000

 

Trailers

$1,000

$1,000

 

Watercrafts

$1,000

$1,000

 

Jewelry

$1,000 for theft

$1,000 for theft

 

Furs

$1,000 for theft (combined Jewelry and Fur)

$1,000 for theft (combined Jewelry and Fur)

 

Silverware

$2,500 for theft

$2,500 for theft

 

Guns

$2,000 for theft

$2,000 for theft

 

Grave Markers

Not Available

Covered as personal property when damage is caused by a covered peril

 
Miscellaneous Coverage

Cosmetic or Aesthetic Damage to Floors

Cosmetic or Aesthetic Damage to Floors subject to a $10,000 limit for Coverage A, B and D

Cosmetic or Aesthetic Damage to Floors subject to a $10,000 limit for Coverage A, B and D

Damage by Falling Object is not covered unless there is first damage to the roof or outside walls

Equipment Breakdown Enhancement Endorsement

Not Available

This optional endorsement provides for the inclusion of equipment breakdown as a covered peril. Limit of coverage per occurrence $100,000/$500 deductible.

 
Permitted incidental Occupany - Liability

Not Available

Coverage availiable for an additional premium with limits of 100,000 or 300,000 of Liability

 

Contact Information:

24 Hour Claims:
855-CLAIM15
Personal Lines:
877-858-7445
Commercial Lines:
844-722-9985
This company was issued a rating by the A.M. Best Company, click for additional details
FSR for SAFEPOINT INSURANCE COMPANY

Customer Service

Phone: 877-858-7445
Fax: 813-906-6474
underwriting@safepointins.com
billing@safepointins.com

Payments

Safepoint Insurance Company
P.O. BOX 292547
Tampa, FL 33687

Overnight Mail

Safepoint Insurance Company
8761 N 56th Street
Box 292547
Tampa, FL 33617