What it does
Extends the personal liability supplement to assessments charged by a homeowners or condominium association because of covered liability claims against it, up to the scheduled limit.
Who needs it
Condo and association members insured on dwelling policies, including investors who rent units.
Quoting and selling notes
- Pair with DP 04 63 for property assessments.
How the personal liability supplement fits
The dwelling property forms (DP 00 01, DP 00 02, DP 00 03) carry no liability coverage. DL 24 01 supplies personal liability and medical payments to others, with DL 24 03 (schedule) and DL 24 02 (additional policy conditions) used when it is written on its own. The DL 24 xx endorsements then mirror the homeowners Section II options: additional rental residences (DL 24 04), business pursuits (DL 24 05), incidental occupancies (DL 24 09), additional insureds (DL 24 10), non-owner-occupied premises (DL 24 11) and home day care (DL 24 16 / DL 24 17).
Editions and availability
Current edition 12 02, replacing 07 88. Carriers adopt ISO editions state by state, so an in-force policy may carry an older edition.
