The Washington herald., 1920-11-24
HOME DAMAGE
RISKSUBJECT
Local Insurance Manager
Describes Combina-
ton Policy.
By III. c. MEYERS
Manager Aetna Affiliated Co.'S

Practically every accident that
may happen in or about a home
may be covered in one policy, in
stead of taking a series. each COW
ering its particular risk. Included
in this class of policy. which is
known as the combination residence
policy, is insurance against bur
glary. theft and larceny. loss of use
or rental of, the property. liability
to claims for damage. water damage
from heating and plumbing. and
glass breakage.
1t is a class of policy about
which little is known. 1 venture to
say that there are not more than
500 people in Washington who
know about il. Personally / know
OF only a very few people who have
taken advantage of the excellent
protection provided by this particu-
lar paper. 1 will describe the policy.
The basic policy, which Is the
minimum coyerage written, con-
sists of the following coverages,
which are written for the follow
ing stated minimum amounts:
Burglary, theft and larceny,
1000; loss of rental value, $1,000
a year; liability. $1,000 or $4,000
limits; water damage from heating
and plumbing, $1,000 and glass
breakage has no limits.
1t is from this basic policy that
complete residence protection is OBJ
tanned by increasing the limits or
adding other coverages by indorse-
ment providing adequate coverage
for the particular home under con-
sideration. Detailed explanation of
the above form of coverage is as
follows:
Protection for Guests
The policy covers against bur-
glary. theft or larceny of every de-
scriptions The burglar who breaks
in. dishonest servants or casual
help and the sneak thief.
Insurance of the property of
guests" is not included in the basic
burglary and theft contract but may
be covered for an additional charge.
IL is customary to carry on prop
erty of guests about 25 per cent of
the amount carried under the bur-
glary and theft features.
The coverage on the burglary.
theft and larceny features of the
policy may be increased to any
amount for additional premiums.
1t is almost invariably found that
most people carry an adequate
amount of burglary, theft and lar
ceny coverage. An amount equal
to the total value Of the assured's
iewelry and silverware plus $1,000
should be carried.
The loss of use or rental value
feature of the policy covers the as
sured for rental value lost by rea-
son of the assured having to vacate
the premises as the result of fire,
lightning. water damage or explo-
sion.
In the event of any of these oc-
eurrences, a residence may become
untenantable. in which case, the
company will pay the rental value
FOR a period not exceeding twelve
months, until such time as the house
can be made habitable. 1t would
be necessary for the assured to rent
an apartment or another residence
Or perhaps go to a hotel until such
time as the residence Is repaired or
rebuilt and the company will pay
the fair rental value of the premises
damaged or destroyed, not exceed
ing. however, the amount of insur-
ance carried.
The minimum amount written un-
der this heading is $1,000 a year
(sS3-33 monthly, but in the event Of
the rental value of the premises be-
ing less than $1,000 a year. the as
sured would collect only the actual
rental value of the property.
Should the premises have a rental
value Of more than $1,000 a year,
any desired additional amount may
be written at a proportionate pre-
mium-
Injuries on Premisesy
Liability or compensation covers
the assured against claims for dam
Ages brought against him for in
public or guests while on the prem
lses. not only in the house but also
on the grounds. including the side
walks, approaches or steps.
The basic policy provides a limit
of $1,000 for any person insured
with a further limit of $4,000 for
any one accident Involving more
than one person. Higher limits can
be written at slightly additional
premiums.
The basic policy covers damage
dome by water from the heating or
plumbing systems, such as the over
how Of a bathtub or wash basin,
the bursting of a pipe or leakage
of a radiator or cO0kinQ annarafus