Residence Premises Definition Endorsements

Reviewed 4/17/2020

 Summary: ISO has developed several new endorsements for the homeowners program that change the definition of "residence premises" and is effective October 1, 2015. Most states are adopting the forms in October, although some are waiting until 2016. The endorsements apply to the HO 00 03, the HO 00 06, and the MH 04 01. The premise is the same for all forms, to change the definition of "residence premises" to include properties in which the insured is no longer residing. This has tremendous coverage implications for insurers, as it greatly broadens coverage for properties that have been left unoccupied. HO 06 48 10 15, Residence Premises Definition Endorsement; HO 17 48 10 15, Residence Premises Definition Endorsement – Unit-Owners; and MH 04 26 10 15, Residence Premises Definition Endorsement – Mobilehome apply to policies if the premises is occupied by the insured at inception. A separate broadened definition is available to homeowners, condominium, and mobilehome policies that designates the period when the dwelling in unoccupied.