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Generated April 14, 2026 · Report ID FIN-Z80OBU

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AI-generated. May contain errors. Verify specific numbers, clauses, and recommendations before acting on them.

Heads up: This is an educational summary, not insurance advice. We are not a licensed insurance producer. For coverage decisions, consult your agent or your state insurance commissioner.

C+

Policy Grade: C+

Adequate base coverage but significant gaps in flood, sewer backup, and high wind/hail deductibles that could leave you exposed.

Summary

This is a standard HO-3 homeowner's policy with $385K dwelling coverage. While fire and theft protection is solid, the policy has a punishing 5% named storm deductible ($19,250 out of pocket) and excludes flood, sewer backup, and dog breed liability entirely.

What's Covered

  • •Fire, lightning, and explosion damage
  • •Theft and vandalism up to dwelling value
  • •Temporary housing up to 12 months if displaced
  • •Personal liability up to $100K per incident
  • •Detached structures (shed, fence) at 10% of dwelling

What's NOT Covered

  • •Flood damage of any kind — including storm surge
  • •Sewer or drain backup (requires $50/yr endorsement)
  • •Earthquake, sinkhole, or earth movement
  • •Dog bites from 'dangerous breeds' — pit bulls, rottweilers
  • •Any Airbnb or short-term rental activity

Top 5 Gotchas

  • •Named storm deductible is 5% ($19,250) — not the standard $2,500
  • •Jewelry capped at $1,500 per incident — most engagement rings exceed this
  • •Claims must be filed within 60 days or they can deny you entirely
  • •Electronics limited to $5,000 — one laptop + TV could exceed this
  • •Cancellation uses short-rate table — you get back less than you'd expect

Deductibles

Standard deductible is $2,500 for most claims, but named storms carry a separate 5% deductible ($19,250 on your $385K dwelling). Wind/hail has a $5,000 sub-deductible in addition to the standard amount.

Coverage Limits

Dwelling: $385,000. Personal property: $192,500 (50% of dwelling). Liability: $100,000 per occurrence. Medical payments: $5,000 per person. Loss of use: $77,000 (20% of dwelling). Jewelry/watches sub-limit: $1,500. Electronics sub-limit: $5,000.

What To Do Right Now

1.Add flood insurance via NFIP or private carrier — your area has a 12% annual flood risk and you have zero coverage
2.Add sewer/drain backup endorsement ($50/year) — average claim is $10,000 and your policy explicitly excludes it
3.Schedule your engagement ring and jewelry separately — anything over $1,500 is unprotected right now
4.Ask your agent about reducing the named storm deductible from 5% to 2% — typical cost is $200-400/year and saves you $11,550 out-of-pocket in a claim
5.Increase liability from $100K to $300K — costs roughly $30/year more and protects against lawsuits exceeding your current cap

Save your report

Generated by ReadMyPolicy on April 14, 2026 · Report ID FIN-Z80OBU
AI output — not professional advice. Verify before acting.

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