DifferEnce in Conditions (DIC)
We offer for owner occupied, vacation rentals and tenant occupied risks (HO3, DP1 & DP3 Available).
Coverage summary when California FAIR Plan DP 00 01 01 05 is written in conjunction with LSI Homeowners Policy with Companion Endorsement.
| COVERAGE | California FAIR Plan DP 00 01 Basic Dwelling Policy | LSI Sterling Homeowners policy with Companion Endorsement |
|---|---|---|
| PERILS INSURED AGAINST – DWELLING | ||
| Risk of physical loss unless specifically | Not Applicable | ISO HO 00 03 10 00 |
| Named Peril Policy | Yes | ISO HO 00 03 10 00 |
| Fire or Lightning *Windstorm or Hail *Explosion *Riot or Civil Commotion *Aircraft *Vehides *Smoke *Volcanic Eruption |
*Extended Coverages are mandatory on FAIR Plan policy when issuedin conjunction with LSI Sterling Homeowners policy | Excluded |
| Vandalism | Optional but covered under LSI Sterling Homeowners policy | Covered |
| PERILS INSURED AGAINST – CONTENTS | ||
| Fire or Lightning Internal Explosion *Extended Coverages |
*Extended Coverages are mandatory on FAIR Plan policy when issued in conjunction with LSI Sterling Homeowners policy | Excluded |
| Vandalism or Malicious Mischief | Optional but covered under LSI Sterling Homeowners policy | Covered |
| Theft Falling Objects Weight of Ice, Snow or Sleet Accidental Discharge or Overflow of Water or Steam Freezing Sudden Accidental Damage from ArtificiaI Electrical Current |
Not Covered | Covered |
| OTHER COVERAGES | ||
| Replacement Cost Option | Mandatory if written in conjunction with an LSI Homeowners Policy w/ Companion Endorsement | Yes |
| ACV – Contents | Yes | RC except for perils excluded above |
| Additional Living Expense | Not Covered | Yes w/ optional limited coverage for perils excluded above |
| Ordinance or Law | Optional | Yes except for perils excluded above |
| Debris Removal | Yes | Yes except for perils excluded above |
| Trees, Shrubs, Plants | Optional | Yes except for perils excluded above |
| Liability Coverage | No | Yes |
This is only a summary of coverages and exclusions.Other Terms and Conditions may apply
The Sterling Homeowners policy automatically includes coverage not found in most admitted carrier policies:
- $500 Refrigerated Property Coverage
- $25,000 Limited Animal Liability**
- $500 Lock Replacement Coverage
- $100,000 CPL**
- $1,000 Fire Department Service Charge
- 5% Inflation Guard
- $5,000 Loss Assessment**
- 10% Extended Replacement Cost**
- $ 5,000 Limited Mold Coverage**
- 10% Ordinance or Law**
- $5,000 Medical Payments**
- Contents Replacement Cost
- $5,000 Water Back Up**
- Increased Special Limits – Coverage C
- Personal Injury Liability
- $25,000 Identity Fraud
** Higher limits available
optional coverages
- All Risk Personal Property
- Golf Cart Physical Damage
- Scheduled Personal Property
- Blanket Value Articles Coverage
AVAILABLE CREDITS**
- Alarm
- Three Year No Losses
- Automatic Gas Shut-off
- Newer Home
- Higher Deductible
- Water Leak Protection and Control System
** Additional Credits Available
Eligibility
- A companion FAIR PLAN policy must be in force at all times
- Dwelling Limit on FAIR PLAN policy must match Dwelling limit on LSI homeowner policy
- Owner occupied and secondary residences only
- Subject to all other LSI homeowner underwriting guidelines
LSI COMPANION PRICING
Premium credit % on section property only
| Protection Class | Primary Home | Secondary Home |
|---|---|---|
| 1-6 | 50 | 40 |
| 70-10 | 60 | 50 |
Loss of use Limits and Premium applicable to peril of Fire Optional
| Protection Class | $10,000 Limit | $15,000 Limit | $25,000 Limit |
|---|---|---|---|
| 1-6 | 50 | 75 | 100 |
| 7-8 | 75 | 100 | 125 |
| 9-10 | 100 | 125 | 150 |
SURCHARGES / CREDITS
- Protection Class and Wildfire surcharges are not assessed
- 10% Surcharge will be added for secondary homes with interior sprinkler systems unless they have automatic water shut off and water leak detection systems.
