X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Many of the updates include language regarding home-sharing host activities or cannabis. Note that the new endorsements include coverage for cannabis, broadened water backup, a motorized bike and scooter exclusion, and others. (Credit: PheelingsMedia/Adobe Stock) Many of the updates include language regarding home-sharing host activities or cannabis. Note that the new endorsements include coverage for cannabis, broadened water backup, a motorized bike and scooter exclusion and others. (Credit: PheelingsMedia/Adobe Stock)

Taking effect March 1, 2022, ISO is filing changes and updates to many of the homeowners forms, as well as withdrawing and introducing new endorsements. These proposed changes are being filed in all jurisdictions where ISO files effective dates. The changes are not being filed in Puerto Rico and Virginia. Bear in mind that various state supplements will take precedence over the standard forms.

A new policy form, HO 00 14 03 22 Homeowners 14 – Contents Comprehensive Form  is being added to the forms library. While similar to the HO 00 04 form, there are many differences. As more people live at home with parents or share homes with others, this form was developed to address some unique needs for those in that group of insureds. An analysis of this form can be found in the following articles; we have broken it into sections for ease of use.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.