Principles of Risk Management and Insurance, 13th Edition

Section I Coverages

There are four basic coverages and several additional coverages in Section I of the Homeowners 3 policy:

• Coverage A: Dwelling

• Coverage B: Other structures

• Coverage C: Personal property

• Coverage D: Loss of use

• Additional coverages

Coverage A: Dwelling

Coverage A covers the dwelling on the residence premises as well as any structure attached to the dwelling. Thus, the home and an attached garage or carport would be insured under this section. Materials and supplies intended for construction or repair of the dwelling or other structures are also covered.

Coverage A specifically excludes land. Thus, if the land on which the dwelling is located is damaged from an insured peril—such as an airplane crash—the land is not covered. ...