Carrier: American Reliable Insurance Company
This form offers broad form, named peril coverage, which means it covers specific perils named in the policy, subject to policy exclusions and conditions.
Eligibility Considerations:
- 100 amp service required.
- Ownership by an LLC, trust or corporation is acceptable.
- Replacement cost option is unavailable in Minnesota.
- Available to Multiple Occupancies: Policies may be written for Primary, Seasonal/Secondary, or Rental.
Additional Coverages May Include:
- Other Structures: Up to 10% of Coverage A is included, higher limits available.
- Fair Rental Value: Helps with loss of rent when tenants can’t live in the dwelling due to damage or destruction from a covered loss.
- Dwelling Replacement Cost: Covered losses are settled at the cost to repair or replace, without deduction for depreciation. (Only ACV is available in Minnesota.)
- Dwelling Actual Cash Value: Covered losses are settled at the actual cash value at the time of the loss, but not more than the amount required to repair or replace the damaged property. Depreciation is taken into account.
- Debris Removal: Pays for the cost or removing debris caused by a covered peril.
- World-wide Coverage: Up to 10% of the Coverage C limit for a loss by a covered peril is available to personal property anywhere in the world.
- Fire Department Service Charge: Pays for fire department charges if a fire department must be called due to a fire in or endangering the home.
Optional Coverages Offered
- Personal Property
- Personal Liability
- Premises Liability
- Medical Payments to Others
- Additional Living Expense
Available in the Following States
- Minnesota
- North Dakota
- South Dakota
