What it does
If the dwelling loss exceeds the Coverage A limit, the Coverage A–D limits are increased to the amount needed to repair or replace the dwelling, provided the insured met the endorsement's insurance-to-value and notice conditions.
Who needs it
Preferred risks with accurate replacement cost valuations.
Quoting and selling notes
- Filed in fewer states than HO 04 20; check carrier availability.
Editions and availability
Editions in use and where they apply: 03 22 (34 jurisdictions); 05 11 (6 jurisdictions: AL, CT, GA, HI, TX, VI); 10 00 (1 jurisdiction: PR).
Homeowners endorsements are built for a specific program edition. When a carrier moves a state from the 2011 (05 11) program to the 2022 (03 22) program, the endorsement editions move with it, so match the endorsement edition to the policy form edition shown on the declarations.
