What it does
Raises the limit(s) shown by the selected annual percentage, prorated through the policy period.
Who needs it
Owners of rental dwellings who want limits to keep pace with construction costs.
Quoting and selling notes
- Update the replacement cost estimate as well.
Editions and availability
Current edition 12 02, replacing 07 88. Carriers adopt ISO editions state by state, so the edition on a given policy can lag the newest one.
Program notes
Dwelling policies are written for the property owner, not the occupant, and are the usual vehicle for landlords of one- to four-family dwellings. Because the forms carry no liability coverage, review every dwelling file together with DL 24 01 (or the homeowners or commercial policy that provides premises liability), and with any personal umbrella the client carries.
