What it does
The homeowners forms include a small amount of named-perils coverage (excluding theft) for landlord's furnishings in a rented apartment on the residence premises. HO 05 46 increases that amount per unit.
Who needs it
Owner-occupants of two- to four-family homes who furnish a rented unit.
Key provisions and limits
- The base forms include a basic per-unit amount; this endorsement adds optional increases.
Quoting and selling notes
- Theft by tenants is a separate issue; check HO 05 41 when the residence itself is occasionally rented.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 10 00 (10 jurisdictions: AL, CA, CT, FL, GA, HI, LA, PR, TX, VI).
Section II changes affect umbrella placement. The ISO personal umbrella (DL 98 01) needs its own excess endorsements for business pursuits, home business, home day care and home-sharing exposures, so confirm the umbrella responds before relying on a homeowners endorsement for a business-type exposure.
