Mississippi Administrative Code › Title 19 - Department of Insurance › Part 1 - General › Chapter 34 - (2007-1) Mississippi Homeowner Insurance Policyholder Bill of Rights › Rule 19-1-34.11 - Outline of Coverage and Comprehensive Policy Checklist

Current through June 25, 2024
OUTLINE OF COVERAGE AND COMPREHENSIVE POLICY
				  CHECKLIST
The following is an outline of coverage and comprehensive
				  policy checklist (hereinafter "checklist") of your insurance policy and is for
				  informational purposes only. Mississippi law prohibits this checklist from
				  changing any of the provisions of the insurance contract which is the subject
				  of this checklist. Any endorsement regarding changes in types of coverage,
				  exclusions, limitations, reductions, deductibles, coinsurance, renewal
				  provisions, cancellation provisions, surcharges, or credits is not included in
				  this checklist, unless otherwise indicated. This checklist does not operate to
				  expand coverage beyond the coverage provided in the policy. If there is a
				  contradiction between this checklist and the policy, the terms of the policy
				  govern.
You should read your policy thoroughly. You should review
				  your insurance policy annually with your insurance producer to ensure you are
				  adequately covered.
Reviewing this checklist together with your policy can help
				  you gain a better understanding of your policy's actual coverages and
				  limitations, and may even answer general questions. By addressing any questions
				  now, you will be more prepared later in the event of a claim. A clear
				  understanding of your policy's coverages and limitations will reduce confusion
				  that may arise during claims settlement.
To fully understand your insurance policy, you should read
				  all provisions contained therein. If you have questions regarding your policy,
				  please contact your agent. Consumer assistance is available from the
				  Mississippi Insurance Department, Division of Consumer Services, 1-800-562-2957
				  or
www.mid.ms.gov
.
Policy Type:
(Homeowners,
				  mobile/manufactured housing, renters/tenant)
Provide general description:
Example: Policy Type:
Homeowners
Your homeowners insurance policy is a package policy that
				  combines coverage for your property that is destroyed or damaged by various
				  perils, and provides you certain coverage for liability exposure.
Dwelling Structure Coverage
Limit of Insurance:
(Policy Limits)
Loss Settlement Basis:
(ACV or Replacement)
Other Structure Coverage (Detached from
				  Dwelling)
Limit of Insurance:______________ Loss Settlement
Basis:__________________
Personal Property Coverage
Limit of Insurance:________________ Loss Settlement
Basis:__________________
Deductibles
Deductible:
(Amount)
Hurricane/Named Windstorm Deductible:
(Amount; if
				  applicable)
Residence and Other Structure Coverage
Items marked with a
Y(Yes)
indicate coverage IS
				  included; those marked with a N(No) indicate coverage is
NOT
included.
Special limits and loss settlements exceptions may apply to
				  certain limits. Refer to your policy for details. If there is a contradiction
				  between this checklist and your policy, the terms of the policy
				  govern.
Coverage
Peril
Y
Fire
Lightening
Explosion
Wind and Hail
N
Flood
Earthquake
Collapse
Mold
Theft
Personal Property/Contents Coverage
The Limit of Insurance, Deductibles, and Loss Settlement
				  Basis apply to the following perils insured against. Items marked with a
Y(Yes)
indicate coverage
IS
included; those marked
				  with a
N(No)
indicate coverage is
NOT
included.
Special limits and loss settlements exceptions may apply to certain
				  limits. Refer to your policy for details. If there is a contradiction between
				  this checklist and your policy, the terms of the policy govern.
Coverage
Peril
Y
Fire
Lightening
Explosion
Wind and Hail
N
Flood
Earthquake
Collapse
Mold
Theft
Additional Coverage
Items below marked
Y(Yes)
indicate coverage
IS
include; those marked
N(No)
indicate coverage is
NOT
included.
Special limits and loss settlements exceptions
				  may apply to certain limits. Refer to your policy for details. If there is a
				  contradiction between this checklist and your policy, the terms of the policy
				  govern.
Coverage
Peril
Limit of Insurance
Time Limit
Y
Debris Removal
$5,000
n/a
Loss Assessment
Y
Additional Living Expenses
Actual loss sustained
24 months
Personal Liability Coverage
Medical payments coverage
Building, Ordinance or Law coverage
Named Windstorm Deductible
Percentage of Deductible
n/a
Miss. Code Ann. §
										83-5-29
				  (Rev. 2011)