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Posted on 10/30/19 at 10:36 am to LNCHBOX
quote:
An HO-3 policy is often called a "special form" because it covers everything except certain perils outlined in the policy. It is the most popular type of policy. The standard HO-3 policy contains these exclusions:
Ordinance or law: such as demolition or construction required to bring your house up to code.
Earth movement: such as earthquakes, shockwaves, sinkholes, landslides and mudflows.
Water damage: such as floods, sewer back-ups and water that seeps through the foundation.
Power failure
Neglect: meaning you failed to take reasonable means to save your property during or after a loss.
War: including undeclared war and civil war. Nuclear hazard Intentional loss: meaning something you did on purpose with the intent to cause a loss.
Governmental action: such as the destruction, confiscation or seizure of covered property by any governmental or public authority.
Loss to property: resulting from faulty zoning, bad repair or workmanship, faulty construction materials and defective maintenance.
Go ahead and look at what is in bold bud
Posted on 10/30/19 at 10:36 am to LNCHBOX
quote:
Unless the cops are paying it out of pocket, that's just teaching the tax payers a lesson, no?
Should come directly from pensions, like all other lawsuits they lose. Gotta incentivize not doing dumb shite while on the clock.
Posted on 10/30/19 at 10:38 am to DCtiger1
quote:
Go ahead and look at what is in bold bud
I'd be interested to see if that applies to someone committing a crime vs the situation this thread is about, but thanks for some actual info.
Posted on 10/30/19 at 10:41 am to LNCHBOX
As an agent I can tell you that this damage would likely be excluded under an HO3 policy. There are different forms of Homeowners that cover different perils. HO-3, HO-5, HO-8, HO-W, etc. Not all homeowners are the same
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