Texas Insurance - Types of Property
Policies
1. A Dwelling Property policy can be purchased to insure properties solely used for
residential purposes in the following situations: - ANS-- up to 5 roomers or boarders;
2. - up to 4 residential units
3. - Properties in the course of construction
4. - Owner occupied, tenant occupied or both;
5. Mobile homes on the basic form, if they contain no more than one apartment and are
located at a permanent location listed in the policy.
6. - Seasonal dwellings unoccupied for 3 or more months during a 12 month period; or
7. - Not designed as a farm property
8. B.B. BICE-GOLF can be used to remember the broad form coverage perils: -
ANS-Bursting of heating systems:
9. Burglary damage;
10. Breaking of water heaters:
11. Ice, snow, or sleet weight;
12. Collapse of building or part of building:
13. Electrical damage;
14. Glass breakage;
15. Objects falling from outside;
16. Leakage of water or steam damage;
17. Freezing of plumbing.
18. Coverage A (Dwelling and Contents) - ANS-Dwelling
19. Coverage B (Dwelling and Contents) - ANS-Other Structures
20. Coverage C (Dwelling and Contents) - ANS-Personal Property
21. Coverage D (Dwelling and Contents) - ANS-Fair Rental Value
22. Coverage E (Dwelling and Contents) - ANS-Additional Living Expenses
23. Dwelling Property 1 - ANS-Basic Form (DP-1 or DP 00 01)
24. Dwelling Property 2 - Broad Form (DP-2 or DP 00 02) - ANS-DP-2 = Basic Form +
Extended Coverage Perils + Vandalism and Malicious Mischief (V&MM) + Broad Form
Perils
25. HO-2 - ANS-Provides protection for losses from named perils.
26. HO-2 HO-3 and HO-5 provide - ANS-building coverages on a replacement cost basis if
the building is insured for 80% or more of its replacement cost.
27. HO-3 (Special form) - ANS-Provides protection for dwelling and other structures on an
open peril basis and personal property is covered only for broad perilds
28. HO-4 (Renters) - ANS-Insures personal property for broad perils
Policies
1. A Dwelling Property policy can be purchased to insure properties solely used for
residential purposes in the following situations: - ANS-- up to 5 roomers or boarders;
2. - up to 4 residential units
3. - Properties in the course of construction
4. - Owner occupied, tenant occupied or both;
5. Mobile homes on the basic form, if they contain no more than one apartment and are
located at a permanent location listed in the policy.
6. - Seasonal dwellings unoccupied for 3 or more months during a 12 month period; or
7. - Not designed as a farm property
8. B.B. BICE-GOLF can be used to remember the broad form coverage perils: -
ANS-Bursting of heating systems:
9. Burglary damage;
10. Breaking of water heaters:
11. Ice, snow, or sleet weight;
12. Collapse of building or part of building:
13. Electrical damage;
14. Glass breakage;
15. Objects falling from outside;
16. Leakage of water or steam damage;
17. Freezing of plumbing.
18. Coverage A (Dwelling and Contents) - ANS-Dwelling
19. Coverage B (Dwelling and Contents) - ANS-Other Structures
20. Coverage C (Dwelling and Contents) - ANS-Personal Property
21. Coverage D (Dwelling and Contents) - ANS-Fair Rental Value
22. Coverage E (Dwelling and Contents) - ANS-Additional Living Expenses
23. Dwelling Property 1 - ANS-Basic Form (DP-1 or DP 00 01)
24. Dwelling Property 2 - Broad Form (DP-2 or DP 00 02) - ANS-DP-2 = Basic Form +
Extended Coverage Perils + Vandalism and Malicious Mischief (V&MM) + Broad Form
Perils
25. HO-2 - ANS-Provides protection for losses from named perils.
26. HO-2 HO-3 and HO-5 provide - ANS-building coverages on a replacement cost basis if
the building is insured for 80% or more of its replacement cost.
27. HO-3 (Special form) - ANS-Provides protection for dwelling and other structures on an
open peril basis and personal property is covered only for broad perilds
28. HO-4 (Renters) - ANS-Insures personal property for broad perils
