Homeowners’ Insurance Endorsements Several endorsements are available and may be added to a homeowners’ policy at the time of issuance or mid-term (for an additional premium). The following is a list of the endorsements which may appear on the state licensing exam:

Inflation Guard This endorsement automatically increases the amount of coverage on the dwelling at various intervals once the policy goes into effect. This is done in order to keep up with the increase in replacement value that will result.

Business Pursuits Some insureds conduct business activities within their home. This endorsement allows such a person to extend liability coverage to cover liability arising out of these business activities. Remember, unless this endorsement is added, the insured has no liability coverage under his/her policy for bodily injury to others arising out of such business activities.

Permitted Incidental Occupancies This endorsement deletes the homeowner policy exclusion of liability coverage for business activities on the premises. It allows liability protection if the business activities are incidental to the occupancy of the premises (i.e. the insured offering piano lessons in his/her home).

Home Day Care It extends homeowner coverage to include liability protection arising out of the operation of a home day care business conducted on the insured's premises. This endorsement specifically excludes liability arising from: • Sexual molestation or abuse • Injury arising from the use of saddled animals • Motorized land vehicles or watercraft

Mobile Homes An endorsement can be added to a homeowner policy for an insured who wishes to provide homeowner-like protection for a mobile home. This coverage can also be purchased as a separate policy.

Water Craft This endorsement provides liability protection for certain types of watercraft. It extends liability for larger watercraft arising out of the ownership, maintenance or use of the watercraft described in the endorsement.

Personal Injury This endorsement, when added, amends Section II of the policy to include liability as a result of personal injury on the part of the insured. Personal injury may be contrasted with bodily injury and includes libel, slander, invasion of privacy, defamation, wrongful eviction or entry and others. This endorsement will not cover personal injury arising from: • Contracts • Violation of law • Business activities

Personal Property Replacement Cost This endorsement modifies the loss settlement of an insured's personal property and provides that the policy will reimburse loss of personal property on a replacement cost basis, rather than actual cash value

Scheduled Personal Property This endorsement allows an insured to individually list pieces of property that possess a higher value than is covered by the basic policy. Items that are commonly covered under this endorsement include: • Jewelry • Furs and fur trimmed garments • Cameras • Guns and equipment • Musical instruments • Silverware • Golf equipment • Fine arts • Stamps and coin collections

Unit Owners Coverage This endorsement can be used to amend Coverage A of an HO6 policy to provide coverage for risks of direct loss. This endorsement makes the perils insured under Coverage A of an HO6 become identical to those insured by the HO3 in order to cover additional alterations and improvements made to a condominium unit.

Water Back-up and Sump Over-flow This type of loss is generally excluded from coverage under a homeowner policy. For an additional premium, it may be covered.