Frederick Mutual Offers Multiple Endorsements to your Homeowners Coverage

Frederick Mutual Secure® HOme: Inland Flood

If you’re an inland resident, you now have a new choice for flood insurance. Designed specifically for residents in low-to-moderate risk areas, our Inland Flood Coverage Endorsement can add affordable flood coverage to your existing homeowner policies. The endorsement covers the most common exposures policyholders face from an inland flood, including personal property, basement exposures, and loss of use. With National Flood Insurance Program (NFIP) claim payouts averaging $43,000, it’s clear that homeowners need this protection.

What is an inland flood?

• When inland waters, such as streams or rivers, overflow and partially or completely inundate normally dry land

• When water carries mud and becomes a mudflow

Inland Flood Coverage highlightS:

Coverage includes damage to:

• residence and certain other structures (e.g., shed, pool house)

• personal property, including in a basement or sunken room (sub-limits may apply)

• loss of use (sub-limits may apply)

• property the policyholder moves to safety (first 30 days)

• debris removal

• $250 sub-limit for towing charges to move a covered mobile home in danger from a flood occurrence

To Learn More about Inland Flood Coverage please read here or to request a quote for a Inland Flood Coverage request a quote below.

Home SYstems Protection Coverage

Home Systems Protection is an enhancement to homeowner’s insurance. The risks of a breakdown have increased because today’s homes have more equipment and sensitive technology. Homeowners depend on the comfort and security their home systems and equipment provide. Most assume they are protected from breakdowns by insurance, warranties, or service contracts; however, they are often not. A breakdown can come as an unwelcome surprise and can cost several thousand dollars.

Coverage Highlights:

• Damage to Covered Home Equipment: Direct physical damage, including electronic circuitry impairment to covered home equipment that occurs on or off the residence premises 

• Environmental Safety and Efficiency Condition: Additional cost to replace damaged property with equipment that is better for the environment, safer for people or more energy or water efficient than the equipment being replaced. Up to 150% of the cost of replacement with like kind and quality is covered. These additional costs are only provided when replacement is necessary or required 

• Spoilage:

·  Physical damage due to spoilage that is the result of a home system breakdown of refrigerated property

·  Any necessary expenses the insured incurs to reduce the amount of loss under this coverage to the extent that they do not exceed the amount of loss that otherwise would have been payable under this coverage 

• Loss of Use: Coverage for Additional Living Expense and Fair Rental Value is extended to the coverage provided by this endorsement 

• Expediting Expenses: Reasonable extra costs to make temporary repairs and expedite permanent repairs or replacement 

• Green:

·  Additional cost to repair or replace damaged property using equipment, materials and service firms required or recommended by a recognized environmental standards program

·  Cost to dispose of damaged property or equipment, if practicable, through a recycling process and flush out reconstructed space with up to 100% outside air using filtration media

·  Cost to reinstate the environmental certification or replace it with an equivalent certification

·  Cost of an engineer, authorized by a recognized environmental standards program, to oversee the repair or replacement of the damaged covered property

• Pollutant Cleanup and Removal: Provides for the additional cost to clean up or dispose of “pollutants” that are the direct result of a “home system breakdown”

Service Line Coverage

What Is Service Line Coverage?

Service Line coverage provides payment for physical loss or damage resulting from a covered service line failure.

What Is A Service Line?

Service lines are exterior underground piping and wiring, including permanent connections, valves or attached devices that provide a service to the residence premises. 

What Is A Covered Service Line?

A “covered service line” must be owned by the homeowner who is responsible for its repair or replacement as required by law, regulation, or service agreement. Covered services include but are not limited to: data transmission and communications, water supply, electrical power, gas, heating, waste disposal and drainage.

Coverage Highlights:

Property Damage: Physical loss or damage to covered service line that is the direct result of a “service line failure”

• Environmental Safety and Efficiency Condition: Provides additional costs to replace damaged property with materials that are better for the environment, safer for people or more energy or water efficient than the materials being replaced. Up to 150% of the cost of replacement with like kind and quality is covered

• Excavation Costs: Reasonable and necessary costs that are required to excavate to gain access to repair or replace the damaged “covered service line”

• Expediting Expenses: Extra costs to make temporary repairs and expedite permanent repairs or replacement

• Loss of Use: Coverage for additional living expenses and fair rental value

• Outdoor Property: Costs to pay for damaged outdoor property, including but not limited to trees, shrubs, plants, lawns, walkways and driveways. Property must be damaged as the result of a service line failure or during the excavation of covered service lines

To Request a quote for Service Line Coverage please click below!

Home Cyber Coverage

Home Cyber Protection coverage provides insurance for the computers, tablets, smartphones and other connected technology that are a critical part of homeowners’ lives. However, these systems may allow cyber attackers to infiltrate the home, steal information, extort money and commit fraud.

Coverage Highlights:

• Cyber Attack:

• Data Recovery Costs: Cost of a professional firm hired to replace electronic data that has been lost or corrupted

• System Restoration Costs: Cost of a professional firm to restore the computing or connected home device to its level of functionality before the cyber attack. This includes the replacement or reinstallation of software programs, removal of malicious code and the reconfiguration of the device or system

 • Cyber Extortion:

• Professional assistance from a subject matter expert for advice and consultation on how to best respond to a threat

• Cyber extortion response costs: Payment as directed to the extortion threat, when payment is approved in advance and incurred as the direct result of a cyber extortion event

•  Identity Recovery:

• Costs Coverage: Reasonable and necessary identity theft costs, such as legal fees, notary fees and credit bureau reports approved by the insurance company in connection with specific legal proceedings

• Case Management Service: Provide services of an identity recovery case manager to respond to identity theft

• Online Fraud:

•The direct financial loss to an insured as the result of a fraud event involving a computing or connected home device including but not limited to identity theft, unauthorized use of a card, card number, or account number in an insured’s name, or forgery of a check

Request a quote for Home Cyber Coverage below!