Openly policies include automatic endorsements, providing significantly higher limits for specialized coverages than traditional standard policies. Unless explicitly stated otherwise, these additional coverages are subject to the standard policy deductible.
Additional Coverages for HO-3 & HO-5 Policies
The following limits are included automatically for both HO-3 and HO-5 policy types:
| Coverage | Included Limit |
|---|---|
| Loss Assessment (Section I and II) | $100,000 |
| Ordinance and Law | Up to your full replacement cost limits |
| Fire Department Charge | $5,000 (Note: Not available in all states) |
| Land Stabilization | Lesser of $10,000 or 10% of the total loss |
| Lock Replacement | $2,000 |
| Damage to Property of Others (Section II) | $10,000 |
| Debris Removal | $5,000 per occurrence / $5,000 per tree |
| Tree, Shrub, and Plant Replacement | $50,000 per occurrence / $5,000 per item |
- Loss Assessment ($100,000): Covers shared financial responsibility if a homeowners association (HOA) assesses a fee to all members for community property damage or liability claims.
- Ordinance and Law (up to Replacement Cost limits): Pays the extra cost to repair or rebuild a home so that it complies with the latest local building and safety codes.
- Fire Department Charge ($5,000): Reimburses service fees charged when a fire department responds to an emergency at a home (not available in all states).
- Land Stabilization (Lesser of $10,000 or 10% of loss): Helps cover the costs to stabilize, excavate, or restore the land under a home if it is damaged by a covered loss.
- Lock Replacement ($2,000): Covers the cost to replace or rekey a home’s locks if keys are lost or stolen.
- Damage to Property of Others ($10,000): Pays for accidental damage an insured (including family members) causes to someone else's property, even if they aren't legally liable.
- Debris Removal ($5,000 per occurrence / $5,000 per tree): Covers the cost to clean up and haul away debris after a covered disaster, including downed trees.
- Tree, Shrub, & Plant Replacement ($50,000 per occurrence / $5,000 per item): Pays to replace landscaping damaged by specific covered perils like fire, lightning, or vandalism.
Additional Coverages for HO-5 Policies
| Coverage | Included Limit |
|---|---|
| Credit Card / EFT Card Replacement | $10,000 |
| Limited Seepage | $20,000 |
| Refrigerated Property | $5,000 (Subject to a flat $500 deductible instead of standard policy deductible) |
- Credit Card / EFT Card Replacement ($10,000): Protects from financial losses or unauthorized charges if an insured’s credit, debit, or EFT cards are stolen or forged.
- Limited Seepage ($20,000): Covers remediation and repair costs for hidden, continuous, or repeated water leakage within walls, floors, or ceilings.
- Refrigerated Property ($5,000): Reimburses for spoiled food or property if a fridge or freezer loses power or breaks down (subject to a flat $500 deductible instead of your standard policy deductible).
Increasing Sub-Limits
To learn more about increasing sub-limits, Coverage C Sub-limits.
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