Homeowner's Insurance

CM&F Group offers a variety of homeowners insurance policies. This insurance is designed to return your home and possessions back to the same condition they were in before a loss occurred. There are several different types of homeowners policies from a variety of insurance companies and not all coverages are the same or are available in all states.

The amount of coverage assigned to your dwelling should reflect the amount it would cost to completely repair or rebuild your home should it suffer a covered loss. Your personal possessions such as furniture, clothing and appliances are covered. Certain types of possessions are excluded or have limited coverage.

A homeowners insurance policy provides protection from the following perils:

• Fire or lightning
• Windstorm or hail
• Explosion
• Aircraft
• Vehicles
• Riot or civil commotion
• Smoke
• Theft
• Vandalism/malicious mischief
• Glass breakage
• Volcanic eruption

Exclusions
A standard homeowners policy does not provide coverage for the following perils:

• Loss due to flood, or water that backs up through sewers
• Loss to building by earthquake, after shocks and mud slides
• Loss by enforcement law or ordinance regulating construction, repair or demolition, or zoning
• Loss due to power interruption when the interruption takes place off the residence property
• Loss due to neglect of the insured to save and preserve property following a loss
• War and nuclear perils
• Intentional loss

Optional Coverages
There are a number of optional coverages (also called endorsements) which enhance your basic homeowners policy either by adding or removing certain coverages. Some of the more common add-on coverages include:

• Broadened coverage for contents: provides "all-risk" protection for your possessions. This means that your personal property is covered in most situations, regardless of the cause of loss.
• Contents replacement cost coverage — after a loss, you would be paid based on the replacement cost…with no deduction for depreciation…to your policy limits and deductible. Special limits apply to certain items such as jewelry, watches and furs.
• Valuable Items Plus: provides higher limits and worldwide protection for special property such as jewelry, silverware, fine art, furs, cameras, firearms, musical instruments, and home computers for an extended variety of losses. Should you need even higher amounts of coverage than that offered by the Valuable Items Plus endorsement, a separate Valuable Items policy is also available.
• Additional Coverage Endorsement (ACE): extends protection or increases limits on special types of property (for example: jewelry, firearms, or silverware). This coverage also increases personal liability coverage by $100,000 and includes coverage for personal injury.
• Water back up of sewers or drains — you're covered for a specific dollar amount if water backs up through a sewer or drain, or overflows from a sump pump.

For more information about our Homeowners Insurance policies and/or an application please contact CM&F Group at 1-800-397-3008, ext # 241 or via email on the "Contact Us" section of this site.