Property Insurance Policies

Home Insurance Coverages

Accidents can happen in the blink of an eye. When they happen to your home, you need to make sure you have the coverage needed to protect it. As your largest asset, your home is one of the most important things in your life.

We understand that homeowners insurance policies can be confusing, which is why our agents at Elite Auto Insurance will work one-on-one with you to help you find the perfect policy that fits your needs. Call to schedule an appointment today!

Section I — Property Coverages

• Coverage A – Dwelling
  Covers the value of the dwelling itself (not including the land). Typically, a coinsurance clause states that as long as the dwelling is insured to 80% of actual value, losses will be adjusted at replacement cost, up to the policy limits. This is in place to give a buffer against inflation. HO-4 (renter’s insurance) typically has no Coverage A, although it has additional coverages for improvements.
• Coverage B – Other Structures
  Covers other structures around the property that are not used for business, except as a private garage. Typically limited at 10% to 20% of the Coverage A, with additional amounts available by endorsement.
• Coverage C – Personal Property
  Covers personal property, with limits for the theft and loss of particular classes of items (e.g., $200 for money, banknotes, bullion, coins, medals, etc.). Typically, 50 to 70% of coverage A is required for contents, which means that consumers may pay for much more insurance than necessary. This has led to some calls for more choice.
• Coverage D – Loss of Use/Additional Living Expenses
  Covers expenses associated with additional living expenses (i.e. rental expenses) and fair rental value, if part of the residence was rented, however only the rental income for the actual rent of the space, not services provided such as utilities.
• Additional Coverages
  Covers a variety of expenses such as debris removal, reasonable repairs, damage to trees and shrubs for certain named perils (excluding the most common causes of damage, wind, and ice), fire department changes, removal of property, credit card/identity theft charges, loss assessment, collapse, landlord’s furnishing, and some building additions. These vary depending upon the form.
• Exclusions
  In an open perils policy, specific exclusions will be stated in this section. These generally include earth movement, water damage, power failure, neglect, war, nuclear hazard, septic tank backup expenses, intentional loss, and concurrent causation (for HO3). The concurrent causation exclusion excludes losses where both a covered and an excluded loss occur. In addition, the exclusion for building ordinance can mean that increased expenses due to local ordinances may not be covered. A 2013 survey of Americans found that 41% believed mold was covered, although it is typically not covered if the water damage occurs over a period of time, such as through a leaky pipe.
• Floods
  Flood damage is typically excluded under standard homeowner's and renter's insurance policies. Flood coverage, however, is available in the form of a separate policy both from the National Flood Insurance Program (NFIP) and from a few private insurers.

Section II — Liability Coverages

• Coverage E – Personal Liability
• Covers damages which the insured is legally liable for and provides a legal defense at the insurer’s own expense. About a third of the losses for this coverage are from dog bites.

Your house is more than a place for your stuff. It’s your home. Be safe. Protect the people you love and the things you value with home insurance from Elite Auto Insurance. Fill out our online form to schedule a consultation for a FREE quote.

Our Homeowners Insurance Coverage Options

• Customers canceled by another company
• Customers served by a volunteer fire department
• Customers with a lapse in coverage
• Customers with losses
• Duplexes, triplexes and single-family rental homes
• Landlord properties (one-to-four family units)
• Older and lower-value homes
• Properties located in Fire Protection 9 or 10
• Properties under renovation
• Properties with condition problems, including open foundation, some peeling paint, minimal cosmetic conditions, flat roof, wood roof
• Row homes
• Unsupported seasonal and secondary properties
• Vacant properties
• And much more!
  

Protect Your Home, Your Property, Your Family and Others

Storms, theft, accidents – you can’t predict what will happen, but you can prepare for what may come with an "elite" home insurance policy, which could protect you from:

• Accidental electrical damage to appliances
• Accidental overflow from plumbing
• Damage by freezing
• Damage by vehicles and aircraft
• Explosion
• Falling objects
• Fire and lightning
• Riots
• Smoke damage
• Theft on or off premises
• Vandalism and mischief
• Weight of ice or snow
• Windstorm and hail

When accidents happen on your property, they can cause injury to your family and others, or damage to other people’s property. Elite Auto Insurance can help protect you with coverage including:

• Accidental death benefits
• Medical expenses of others
• Payment of the cost of defending claims against you
• Personal liability for you, your spouse, relatives living with you and persons under 21 in your care
• Protection against claims you’re legally obligated to pay — injury, sickness, disease and death of others

Save on Your Home Insurance Policy

At Elite Auto Insurance, we offer home insurance discounts for:

• Deadbolt locks on all exterior entryways
• Fire extinguishers
• Home insurance combined with auto insurance or other Elite policies
• Monitored fire and burglary alarms
• Sprinkler systems

Be safe. Be prepared. Protect what matters most with a home insurance policy from Elite Auto Insurance.

Flood Insurance Coverages

Nationwide, only 20% of American homes at risk for floods are actually covered by flood insurance. Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood.

Flooding is defined by the National Flood Insurance Program as a general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or two or more properties (at least one of which is your property) from: Overflow of inland waters, unusual and rapid accumulation or runoff of surface waters from any source, and mudflows

This can be brought on by landslides, a hurricane, earthquakes, or other natural disasters that influence flooding, but while a homeowner may, for example, have earthquake coverage, that coverage may not cover floods as a result of earthquakes.

Only a flood insurance policy covers damages to your home or commercial property from floods. Under the National Flood Insurance Act, lenders must require borrowers whose property is located within a high-risk (Special Flood Hazard Area or SFHA) flood zone to purchase flood insurance as a condition of receiving a federally backed mortgage loan.

We cover:

• Home
• Renters
• Businesses

Mobile Home Insurance Coverages

Renters Insurance Coverage

Whether this is your first or third apartment, having quality renters insurance is an absolute necessity. Depending on the carrier, you can owe as little as $1 a day for your policy coverage, which can end up saving you thousands in the long run. From thefts and damages to plumbing and fire issues, we’ll help you prepare for the worst and protect your personal belongings.

The cost of renters insurance and the amount of personal property coverage you need depends on how much your property is worth.

To get a better understanding of your coverage needs, ask yourself the following questions:

• How much are my belongings worth?
• Could I afford to buy it all back again if it were destroyed in a fire or stolen?
• What would I do in the event of a liability lawsuit against me?

And one more thing. If you have ever asked yourself, "Do I need renters insurance?" the answer is probably "yes."

Renters Insurance Protections Include

• Accidental electrical damage to appliances
• Falling objects
• Fire protection
• Glass breakage
• Smoke damage
• Theft protection
• Vandalism
• Water damage protection
• Windstorm and hail

Save On Your Renters Insurance

Renters insurance discounts are available for:

• Dead bolt locks on all exterior entryways
• Fire extinguishers
• Monitored fire and burglary alarms
• Renters insurance combined with auto insurance or other Elite policies
• Sprinkler systems

Be safe. Protect yourself and your stuff with renters insurance from Elite Auto Insurance.

Windstorm Insurance Coverages

Don't get caught without windstorm insurance coverage! After the recent catastrophic hurricane seasons and with many people still trying to put their homes and lives back together, is your home covered for hurricane or other windstorm damage, so you won’t be the next victim?

Our policies cover both hail and wind damage.