Upcoming revision to ISO's homeowners program
These proposed changes are being filed in all jurisdictions where ISO files effective dates.
Taking effect March 1, 2022, ISO is filing changes and updates to many of the homeowners forms, as well as withdrawing and introducing new endorsements. These proposed changes are being filed in all jurisdictions where ISO files effective dates. The changes are not being filed in Puerto Rico and Virginia. Bear in mind that various state supplements will take precedence over the standard forms.
A new policy form, HO 00 14 03 22 Homeowners 14 – Contents Comprehensive Form is being added to the forms library. While similar to the HO 00 04 form, there are many differences. As more people live at home with parents or share homes with others, this form was developed to address some unique needs for those in that group of insureds. An analysis of this form can be found in the following articles; we have broken it into sections for ease of use.
HO 00 14 Homeowners 14 – Contents Comprehensive Form Part 1 Analysis
HO 00 14 Homeowners 14 – Contents Comprehensive Form Part 2 Coverages Analysis
HO 00 14 Homeowners 14 – Contents Comprehensive Form Part 3 Perils Insured Against Analysis
HO 00 14 Homeowners 14 – Contents Comprehensive Form Part 4 Conditions Section I Analysis
HO 00 14 Homeowners 14 – Contents Comprehensive Form Part 5 Section II Analysis
A number of endorsements are being withdrawn, and new endorsements are being introduced. Many other endorsements are being revised or updated. Many of the updates include language regarding home-sharing host activities or cannabis. Note that the new endorsements include coverage for cannabis, broadened water backup, a motorized bike and scooter exclusion, and others. We will discuss the HO 00 03, HO 00 04, HO 00 06, and HO 00 14, as well as discussions of the endorsements that will be added over time.
| WITHDRAWN | INTRODUCED |
| HO 04 14 02 17 Special Computer Coverage | HO 06 01 03 22 Limited Cannabis Property Coverage |
| HO 04 62 05 11 Scheduled Personal Property Endorsement | HO 06 21 03 22 Specified Other Structure(s) Exclusion |
| HO 04 85 10 00 Fire Department Clause | HO 06 67 03 22 Limited Theft Coverage A and B Dwelling Under Construction |
| HO 06 52 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 06 91 Coverage B – Other Structures Away From The Residence Premises – Replacement Cost Loss Settlement For Buildings |
| HO 06 53 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 06 92 03 22 Specific Structures Away From The Residence Premises – Replacement Cost Loss Settlement For Buildings |
| HO 06 54 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 06 95 03 22 Broadened Water Back-Up And Sump Discharge or Overflow Coverage |
| HO 06 55 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 24 01 03 22 Cannabis Liability Coverage |
| HO 06 56 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 24 02 03 22 Other Insured Locations(s) |
| HO 06 58 02 17 Home-Sharing Host Activities Amendatory Endorsement | HO 24 03 03 22 Non-Owned Motorized Bicycle And Motorized Scooter Liability Exclusion |
| HO 12 45 10 00 Change Endorsement | HO 24 04 03 22 Motorized Bicycle and Motorized Scooter Liability Exclusion |
| HO 12 76 10 00 Homeowners Rating Information | HO 24 49 03 22 Personal Injury Coverage (Aggregate Limit Of Liability) |
| HO 24 89 03 22 Personal Injury Coverage |
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