ISO Announces New 2011 Homeowners Program

APRIL 16, 2010 -- Insurance Services Office, Inc. (ISO) Announced the Filing of its New 2011 Countrywide Homeowners program, with a proposed May 1, 2011, Effective Date for Most Jurisdictions.

• Liability coverage for certain electric toy vehicles is added via an exception to the motor vehicle liability exclusion. Thus, an off-premises loss arising from a low-power electric toy vehicle (including those designed for small children to sit in and "drive") is now covered.

• An exception is added to the liability exclusion for expected or intended injury losses.  The exception granting BI coverage resulting from the use of reasonable force by an insured to protect persons or property is broadened to now include property damage coverage.

• The replacement cost loss settlement for certain non-building structures on the residence premises (HO 04 43) endorsement is broadened to provide replacement cost loss valuation (previously on an actual cash value basis) for in-ground pools, hot tubs, and therapeutic baths.

• The water back-up and sump discharge or overflow (HO 04 95) endorsement is amended to reinforce that the water backup and sump discharge coverage is limited to water or waterborne material originating from within the insured's dwelling.

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