Optional Endorsements
Endorsements change, add and subtract coverage to the insurance policy. Endorsements tailor your insurance to fit your needs. Below is a list of common optional endorsements for condominium offered at Armed Forces Insurance:
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Replacement Cost Coverage (RCC) RCC changes the loss settlement on unscheduled personal property to replacement cost at the time of a covered loss. Policy limits can vary depending on the state in which the dwelling is located.
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Special Computer Coverage Special Computer Coverage expands the types of loss for which computer equipment is covered. This endorsement does not increase the limits of Personal Property Coverage and it excludes business computers. The Homeowner policy deductible applies to this coverage.
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Earthquake Coverage Earthquake Coverage provides coverage for damage from an earthquake (including land shock waves or tremors before, during, or after a volcanic eruption) for the dwelling, other structures, and personal property. The earthquake endorsement includes a special deductible which is usually equal to 10% of the coverage limit. This deductible applies separately to each category of coverage.
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Loss Assessment Coverage Loss Assessment Coverage increases the coverage limit of liability for covered losses assessed against you by your homeowner or condo association. Check with your association for the amounts that can be assessed against you to ensure you are properly covered.
The above list is only a few of the endorsements that are available at Armed Forces Insurance. If you have a unique insurance need or situation that requires coverage, for assistance contact a Customer Service Representative to find out about our endorsements:
Members call 800-255-6792
Prospective Members call 800-495-8234
*All policies and endorsements are subject to underwriting approval. Coverages, deductibles, limits, and discounts vary by state.
