Homeowners Insurance – Your Children Might Not Be Covered!

  1. You are separated from your wife. You still live in the house you own together, but you took an apartment.
  2. You and your spouse have joint custody of the children.
  3. Your second unmarried 22-year-old daughter lives with you in your house. She owns a Bichon Friese that bites the postman who is suing you.
  4. Your elderly parents are moving in with you.
  5. (Actual Case You Worked) Your roommate is moving from California to Atlanta in search of work. Take it with the understanding that it is only for three months. In the second month, your California roommate’s mother has a debilitating stroke, and she’s also moving into your house.

Look with me at the HO-3 All Risk Home Owners Policy, the HO-6 Condominium Policy and the HO-4 Renters Insurance Policy, all from the Office of Insurance Services (ISO). ISO is the standard language for almost all insurance policies.

First, we have to lay some groundwork by making sure we all understand some of the definitions of words in policies. These things might be considered boring, but know this: If an insurance company takes the time to define a particular word, that word has a special meaning. If you or your state does not qualify under the definition, you will not be covered.

In all three policies, “insured” means you and residents of your household who are:

– Your relatives: or
Other persons under the age of 21 and in the care of any person mentioned above.

“You” and “your” refer to the “named insured” shown on the returns and the spouse if residing in the same household.

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