Homeowner Deductible Reimbursement

Overview

It's good to have homeowners insurance or renters insurance, but how are you going to pay the deductible if you have to make a claim.  If you need to make a claim on your homeowner or renters insurance, this benefit will pay you up to $500 towards your deductible. 

• Supplements current homeowners or renters insurance by paying the deductible, up to $500 when an insured loss occurs.
• Coverage is limited to two (2) losses in any twelve (12) month period.

Description

This Homeowner Deductible Protection benefit will reimburse the covered Member for a loss to Member’s Primary Residence or Personal Effects equal to the deductible limit shown on Member’s current Homeowner Insurance policy or (depending on the benefit amount) up to $250.00 or $500.00, whichever is less.  The Homeowner Deductible Protection benefit will only be provided when a claim is filed with Member’s current Homeowner Insurance carrier and a payment is made to Member for a loss to the Member’s Primary Residence or Personal Effects which exceeds Member’s Home Insurance deductible.  Only one (1) Homeowner Deductible Protection benefit will be paid per claim occurrence.  Only two (2) occurrences allowed within a twelve (12) month period.  This benefit is in excess of any other applicable indemnity plan, including when the Homeowner Insurance carrier waives the deductible for any reason.

Definitions

“Agreement” means this Homeowner Deductible Protection Agreement.
 
“You” and “your” means the Member.

“Primary Residence” means the permanent residence of the Member which is recognized and covered by a policy of insurance as the Primary Residence.
 
“Homeowner Insurance” means a policy of insurance covering the dwelling and/or personal effects of the Member against losses including, but not limited to Fire, Wind, Hail, etc.  This Homeowner Insurance policy must be a state filed and approved form for Homeowners for a dwelling or personal effects risk.
 
“Personal Effects” means personal property normally located at the Primary Residence and covered by a policy of insurance which also may cover the Primary Residence.

Benefit Term: The actual loss to the Primary Residence or Personal Effects, which is the basis for a request for reimbursement of a deductible under this Agreement, must have occurred while Member was an active and paid member.

Exclusions:  

1. Any loss involving liability or medical payments coverage provided for under the Member’s Home Insurance policy including, but not limited to personal injury to others, personal injury to others injured on your property or damage to property of others.
2. Any loss for loss of use expense as may be provided by any Primary Residence policy for expenses incurred because the Primary Residence may be uninhabitable for a period of time following a loss to the Primary Residence.
3. Any loss that does not exceed the current Home Insurance deductible or does not cause a payment to be made by the current Home  Insurance  carrier to member because the loss to the Primary Residence or Personal Effects does  not exceed the current Home Insurance deductible.
4. Any theft of Personal Effects where visible signs of forced entry are not present, or mysterious disappearance.
5. Any loss to a residence other than Member’s Primary Residence or to Personal Effects not normally located at Member’s Primary Residence.
6. Any loss to Member’s Primary Residence caused directly or coincidentally by water or any other substance backing up from any sewer or drainage system or the discharge and overflow of water or steam from a sump-pump or any other system designed to drain water away.
7. Any loss to Member’s Primary Residence caused directly or coincidentally by earthquake or flood.
8. Any loss not covered or specifically excluded in Member’s Primary Residence Home Insurance policy for the Primary Residence or Personal Effects.
9. Any loss to a residence or personal effects used or intended for any commercial purpose.
10. Any loss or damage caused by fraud, abuse, intentional acts, war or hostilities of any kind or arising from illegal activity.
11. Members located in the state of Florida.

How To File a Claim

How to file a claim:
 
Call the Claims Administrator at 1-800-711-4280 within forty-five (45) days of the original date of loss to the covered Primary Residence. The Claims Administrator will send you a Claim Form.   Please include:

1. a copy of your Homeowners Insurance policy, in force at time of loss, and showing your Deductible amount;
2. any claim settlement documents from Member’s carrier;
3. and any other documents requested by Administrator to substantiate the conditions of this benefit outlined herein.