19 Miss. Code. R. 1-34.11
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 |
19 Miss. Code. R. 1-34.11