10 Homeowners Insurance Endorsements

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10 Homeowners Insurance Endorsements You May Need
Basic homeowner’s insurance is a package policy that combines several types of insurance coverage into a one policy. Insurance companies typically bundle four types of coverage in a homeowner’s policy. These include:
Dwelling and personal property
Personal liability
Medical payments
Additional living expenses
The above list varies by state. In some states, homeowner policies are called home insurance forms and use the codes found in the Package Forms table below as shorthand to describe the coverage provided. Some insurance agents use these codes when selling insurance, so refer to this table to get a basic understanding of the jargon you may hear:
Package Forms
Form Code
Typical Coverage
Typical coverage found in homeowner’s insurance policies. Source: Bills.com
HO-1
Basic Form
  • Smoke
  • Glass breakage
  • Windstorm or hail
  • Vandalism & malicious mischief
  • Explosion
  • Theft
  • Riot or civil commotion
  • Volcanic eruption
  • Aircraft crash
HO-2
Broad Form
  • HO-1 plus…
  • Falling objects
  • Weight of ice, snow or sleet
  • Accidental discharge or overflow of water from plumbing
  • Sudden & accidental rupture of a heating, air conditioning, fire protective sprinkler, or hot water heating system
  • Freezing of plumbing or related systems
  • Accidental damage from electrical current
HO-3
Special Form
Broad coverage that includes comprehensive coverage of home and contents with the exception of exclusions listed in the policy. Varies by company, and is almost always more expensive than HO-1 and HO-2.
HO-4
Tenants Form
Insurance for people renting or leasing a home or unit in multi-family dwelling. Usually equivalent coverage to HO-2.
HO-6
Condominium Form
Covers everything “inside the paint” of a condo not covered by the association’s insurance policy. May include personal liability coverage.
The descriptions above are typical, but may be different for your state and your insurance carrier. Therefore, read the policy to understand what you are being offered before buying. Ask your insurance agent for an explanation of confusing terms and conditions in the policy.
10 Optional Insurance Endorsements You May Wish to Consider
If you own something unusual and valuable, you can bet a basic homeowner’s insurance policy will exclude the item. Here is a list of 10 optional add-ons, called insurance endorsements, many homeowner’s insurance providers offer:
Flood Insurance
Standard home insurance policies exclude flood damage. Depending on where your home is located, you may qualify for flood insurance through the National Flood Insurance Program. Some insurance companies also offer flood insurance. If your home is located in an area prone to flooding, your home loan lender will require flood insurance.
Earthquake Insurance
Earthquake insurance is available through most insurance companies at an additional cost. It is normally issued as an endorsement and attached to your home insurance policy.
Windstorm Endorsement
Most home insurance policies cover damage caused by windstorm and hail. However, in some coastal areas, this coverage is excluded from standard policies. Ask your insurance agent if wind damage is covered by your policy.
Guaranteed Replacement Cost
Guaranteed replacement cost coverage is the most complete coverage for your home. To qualify, you must meet specific underwriting rules and conditions, including increasing the amount of your insurance on a monthly, quarterly or yearly basis to keep up with the inflation rate. Your insurance agent will explain the additional cost and what exclusions and conditions apply. This is sometimes called an “Inflation Guard Endorsement.”
Scheduled Personal Property Endorsement
This endorsement is often called a “personal article floater.” A personal property endorsement covers possessions such as jewelry, furs, stamps, coins, guns, computers, antiques and other items that may exceed normal limits in your regular home insurance policy. A personal property endorsement itemizes each article, gives a description of the article insured and lists excluded perils.
Increased Limits on Money and Securities
This endorsement increases the coverage on money, bank notes, securities, deeds, and similar financial instruments.
Secondary Residence Premises Endorsement
Homeowners coverage under this endorsement applies to a secondary residence, such as a summer home. Typically, secondary residences are not covered by the home insurance policy on your primary or principal residence.
Watercraft Endorsement
Applies to small sailboats, personal watercraft, and small outboard-motor boats. This endorsement may broaden personal liability and medical payments coverage on these items.
Theft Coverage Protection Endorsement
Theft protection is broadened as a result of this endorsement. This includes theft of contents of your motor vehicle, trailer or watercraft.
Credit Card Forgery and Depositors Forgery Coverage Endorsement
Covers loss, theft, or unauthorized use of credit cards with some exceptions. Also covers the forgery of checks, drafts, promissory notes, and so on with exceptions. May also include identity theft.
Other Coverage & Endorsements
If you own a farm or ranch, you may need a separate policy to cover out-buildings and equipment not found in typical suburban back yards. Talk to your insurance agent if you run a business from your home. Also, the insurance rules for mobile and manufactured homes will be different, and may include requirements for hold-downs. Again, make sure your agent understands all of the facts surrounding your circumstances before you buy any insurance.

Finding a Public College That Fits


As your high school years begin to wind down and you take those first steps toward adulthood, it’s important to take time to consider the type of college experience you’re seeking.
This is an exhilarating time! You have the chance to start fresh and shape the trajectory of your future, taking aim at whatever success means to you. When it comes to choosing the right college, the challenge is in narrowing your search to reflect your educational ambitions and personal goals. Whatever you hope to gain from higher education—lifelong friendships, job market preparedness, academic exploration, or all of the above—you’ll need to identify the traits that are most important to you in a potential university.
Related: What Really Matters in Your College Search
If you’ve set your sights on attending a public college, you may already be aware of the benefits that come with attending a state-funded institution. To name just a few, public schools are more likely to offer a vast array of academic and pre-professional programs, provide widespread diversity of both thought and culture, and are renowned for their ample research opportunities. But as graduation draws nearer, you need to start thinking more seriously about reducing your pool of options from there.
Of course, this is much easier said than done. How can you be sure to select a school that will meet your academic and cocurricular needs and provide you with a lasting network of great friends? How can you tell if a university will truly feel like “home” after first-year orientation ends?
Your first step toward choosing the right college for you is to identify your priorities. Are you seeking a sense of balance between academic rigor and social growth? Are you planning to begin college with a clear idea of the path you plan to pursue, or are you more interested in trying a variety of subjects and finding your passion? Think carefully about the college experience you envision for yourself, and get an idea of the qualities that are most important to you when selecting a school. But do keep an open mind—you may be surprised at what the college search process will teach you about yourself.
Exploration
College is about finding new passions and expanding upon them. If you’re one of the many high school students who aren’t quite sure what they want to study at the university level, you might be under the impression that a smaller university will allow a more personalized educational path that will accommodate your academic exploration.
But the fact is that even larger institutions are trending toward urging students to challenge themselves—to discover new interests and expand their horizons. After all, in today’s fast-paced technological economy, universities are tasked with training students for careers that may not even exist yet!
If you’re excited by the prospect of spending your college years preparing for an innovative, groundbreaking professional future, look for universities with exploratory programs and makerspaces that will encourage you to experiment broadly while still progressing efficiently toward graduation.
It’s also worth noting that a larger university is likely to have numerous academic and extracurricular programs, plentiful internship opportunities, and ample connections to the surrounding business community—all powerful mechanisms for educational growth. A wide variety of options will ultimately translate into the ability to truly customize your college experience to fit your unique interests, strengths, and goals.

Harvard and Yale Ensnared in Education Dept. Crackdown on Foreign Funding

The department told the Ivy League universities to hand over records on millions of dollars in gifts, grants and contracts from foreign countries, including China, Iran and Russia.

The letter to Harvard appears to have been prompted in part by an investigation into the chairman of the university’s chemistry department.

The letter to Harvard appears to have been prompted in part by an investigation into the chairman of the university’s chemistry department.

WASHINGTON — A federal crackdown on universities that fail to disclose donations and contracts from foreign governments has ensnared Harvard and Yale, the Education Department said on Wednesday.
In letters to the schools on Tuesday, the department wrote that it was investigating whether the two Ivy League universities had failed to report at least $375 millionfrom countries including China, Iran, Russia, Qatar and Saudi Arabia. The department is seeking extensive records related to grants, gifts, contracts and overseas programming.
In a letter to Harvard, the department said it was “aware of information suggesting Harvard University lacks appropriate institutional controls,” and as a result, the university’s reports to Washington may not include or fully reflect “all reportable gifts” and contracts “from or with foreign sources.”
In the case of Yale, officials wrote that although the university had “a considerable presence abroad, represented by sites in dozens of cities and countries,” it appeared to have “failed to report a single foreign source gift or contract in 2014, 2015, 2016 and 2017.”
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