Golden Bear Insuance Company

  Homeowners POLICY

This homeowners policy provides coverage for most causes of direct physical loss. It is extremely important that homeowners know the replacement value of their home and insure their homes for that value. An insured may elect either actual cash value or replacement cost coverage for personal property. This homeowners policy provides coverage for most causes of direct physical loss. It is extremely important that homeowners know the replacement value of their home and insure their homes for that value. An insured may elect either actual cash value or replacement cost coverage for personal property. 

This homeowners policy has two sections of coverage: 

1. Section I provides property coverage for

  • Scheduled dwellings
  • Insured’s personal belongings
  • Most unattached structures
  • Expenses that the insured may incur because of the loss of use of the dwelling at the time of a covered loss

2. Section II provides liability coverage for

  • Bodily injury and property damage caused by a covered occurrence including law suits brought against the insured by a third party
  • Some medical payments to others while on the insured’s property or as a result of the insured’s personal activities

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