General Info
Providing the right combination of liability and personal property options with the availability to add optional coverages to fit unique protection needs for owner occupied and rental dwellings.
| General Product Information | |
|---|---|
| Product Description | Owner occupied or rental dwellings with broad list of optional coverage offerings to meet the needs of policyholders. |
| Building Under Construction | A builder's risk policy providing premium credit qualifies when construction is not past the foundation stage for a dwelling under construction. |
| Common Loss Deductible | Only one deductible is paid (highest applicable) whenever an incident involves more than one Umialik personal insurance policy. |
| Condo Unit Coverage | Availability coverage for improvements, alterations, and additions to insured property. |
| Earthquake | Availability to endorse earthquake coverage options without writing a separate policy. |
| Inflation Guard | Automatically provides an increase to Coverage A and B limits of liability. |
| Other Structures | Other structures such as garages and sheds are automatically covered for up to 10% of the dwelling limit. Additional limits are available. |
| Personal Liability | Provides coverage for bodily injury and property damage for which the policyholder is liable. |
| Rental Value and Additional Rental Expense | The policy includes 20% of the dwelling limit to reimburse you if your tenant or you must move out of the dwelling due to a covered loss. Additional limits are available. |
| Water Back-Up | Limits available up to $25,000. |