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| Policy Coverages & Policy Terms |
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| We offer the following coverages and you will need to contact
an authorized Mid-Hudson agent in order to write any of the coverages listed
below. You can find a local agent by going to our Find
an Agent Page or you may contact us if you
need assistance |
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| The coverage forms and policy terms listed below are for
informational purposes only and are subject to change at any time. |
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| Property Coverages |
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| Basic Coverage - Form FL-1, FL-1R, ML-1 or SF-1 covers
Fire or Lightning, Wind or Hail, Explosion, Riot or Civil Commotion, Aircraft,
Sudden & Accidental damage from Smoke, Vandalism (If not excluded),
Vehicle, Glass & Theft. |
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| Broad Coverage - Form FL-2, ML-2, or SF-2 includes
all basic form coverages plus: Falling Objects, Weight of Ice, Snow &
Sleet, Collapse, Sudden tearing apart, Accidental Discharge, Freezing, Damage
by artificially generated electrical current, Water Damage from leakage/overflow
of plumbing, etc. |
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| Special Coverage - Form FL-3, ML-3, or SF-3 covers
your residence or business is covered for "Any" Direct Physical
Loss, Not Otherwise Excluded (See Your policy for list of exclusions). |
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| Business Property - Form SF-4 covers your contacts
for "Any" Direct Physical Loss, Not Otherwise Excluded (See Your
policy for list of exclusions). |
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| Business Property - No Theft - SF-4A covers your contacts
for "Any" Direct Physical Loss, Not Otherwise Excluded (See Your
policy for list of exclusions) and theft is excluded and not covered. |
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| Form SF-5 - covers Fire or Lightning, Wind or Hail,
Explosion, Riot or Civil Commotion, Aircraft, Sudden & Accidental damage
from Smoke, Vehicle, Glass, Sinkhole Collapse, Volcanic Action & Debris
Removal. |
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| Form SF-6 - covers Fire or Lightning and Debris Removal
only. |
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| Liability Coverages |
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| Form LS-1 - OL&T (Owners, Landlord & Tenants)
General Liability Coverage Form for Premises and Operations Liability Coverage.
Coverage for Designated Premises and Related Operations in Progress other
than Structural Alterations, New Construction and Demolition |
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| Form LS-2 - MED PAY - This form is for Medical Payment
Coverage. |
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| Form LS-3 - M & C - This form is for Manufacturers
and Contractors Liability Coverage. Coverage for Premises and for Operations
in Progress Including Operations of Independent Contractors. This form is
used on all M & C Small Contractors Policies. |
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| Form LS-5 - For General Liability Coverage, Business
General Liability Insurance. This form is found on mainly on Business Owner
Policies and Special Multi Peril Policies for risks that have both a premises
and products exposure. |
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| Form LS-6 - For General Liability Coverage, Business
General Liability Insurance (Extra Coverage). This form is found mainly
on Church and Grange policies. |
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| Policy Terms |
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| These are just a few of the terms used in a policy that you
may not be familiar with: |
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| Assignment - assignment of a policy is not valid without
the companies' written consent. |
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| Insured Premises - means the residence described on
the Declarations Page including Related Private Structures and the grounds
at the described location. |
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| Residence - means a one to four family house, a townhouse,
a row house or a one to two family mobile home owned by the insured and
located on the insured premises. |
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| Actual Cash Value (ACV) - means that Property losses
are settled on the basis of actual cash value including deduction for depreciation,
however caused. |
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| Replacement Cost (RC) - Property losses are settled
on an RC basis only if your policy limits are equal to or exceed 80% of
the replacement value of the residence at the time of the loss. If your
dwelling is not insured to at least 80% of its replacement value you will
be subject to coinsurance penalties of the policy. (Refer to the terms of
the Replacement Cost provision in the Perils section of your policy) |
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| Deductible - The deductible applies to all perils
insured against unless otherwise stated on the Declarations Page, Supplemental
Declarations Page or any endorsement to the policy. |
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| Business - means a trade, profession or other occupation
including farming, all whether full or part-time. It does not include the
rental or holding for rent of any part of the insured premises. |
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| Domestic Employee - means a person employed by an
insured to perform duties in connection with the maintenance or use of the
insured premises. This does not include persons while performing duties
in connection with an insured business. |
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| Occurrence - means an accident, including continuous
or repeated exposure including the loss of its use. |
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| Property Damage - means damage to or the destruction
of tangible property including the loss of its use. |
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| Personal Liability and Medical Payments - coverage
limits are stated on the Declarations Page. We pay for loss in a single
occurrence under this coverage regardless of the number of parties who sustain
injury or damage. |
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| Terms - as used in your policy means provisions, limitations,
exclusions, definitions and conditions. |
