What it does
Settles building losses on a functional replacement cost basis with the modifications shown in the endorsement.
Who needs it
Older homes in the states where the carrier files this version.
Quoting and selling notes
- Check state availability; the ISO list shows about a dozen states on the 03 22 edition.
Editions and availability
Editions in use and where they apply: 03 22 (12 jurisdictions: AZ, IA, ID, MN, MO, MS, NY, OK, OR, PA, RI, SC); 05 11 (2 jurisdictions: CT, HI).
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.
