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Comparison of Red Shield and United Heritage Insurance Programs
Provided by Ron Schmidt - 1/14/2009
This is an insurance comparison done between Red Shield and United Heritage for my own use in determining the best policy for me in
covering my floating home. I am not an insurance professional nor an attorney. I share this only to help you make your own decision and I highly advise you to seek advice from your insurance agent or attorney.
I am highlighting the differences between the two policies. Please refer to the actual policies for a full description of coverage's and exclusions.
|
| Named Insured |
Red Shield |
United Heritage |
| Insured Location |
Includes full time student at school under age 24.
Includes new slip in same moorage w/in 30 days.
Floating home occasionally rented. |
Includes Registered Domestic Partner.
Newly acquired premises w/in 30 days.
Used in connection w/ named location.
Temporary residence.
Vacant Land.
Owned or rented for construction of new residence.
Occasionally rented.
Endorsement 114 voids coverage if floating home is moved from described premises, intentionally or not |
| I Property Coverage A Dwelling |
Floating Home at “Insured Location. |
Dwelling at “Residence Premises”. |
| Stringers, etc. part of flotation system |
Excluded except for 5% of premises value for fire only |
No Limitation |
| Under construction & unoccupied |
Excluded |
Covered except for freezing limitation |
| Coverage C Personal Property Special Limits |
|
|
| Personal Property of Others at Premises Location |
|
2,000 |
| Money, etc. |
200 |
250 |
| Securities, etc. |
1,500 |
1,000 |
| Watercraft |
2,000 |
1,000 |
| Theft of Jewelry, Furs, Silverware, etc. |
1,500 |
2,500 |
| Theft of Firearms |
1,000 |
2,500 |
| Antiques, Fine Arts |
2,500 |
No LImit |
| Collecter Items |
500 |
No Limit |
| Business Use Property |
500 |
2,500 |
| Business Use of Premises |
500 |
1,000 |
| Computer Hardware & Software |
2,000 |
No Limit |
| Theft From Vehicles |
250 |
1,000 |
| Theft At School |
1,000 |
No Limit |
| Cameras |
1,500 |
No Limit |
| Other Residences |
1,000 |
10% of Personal Property Limit |
| Credit Cards |
None |
1,000 |
| Wheeled Transport Items |
None |
No Limit |
| Section I Additional Coverages |
|
|
| Debris Removal |
10% Additional |
5% Additional |
| Towing from covered loss |
10% of Dwelling Amount |
5% Additional |
| Floatation Replacement from collision w/non-owned watercraft |
10% of Dwelling Amount |
|
| Collapse |
Includes from unknown decay or insects/vermin |
Named perils only |
| Trees, Shrubs Named Perils only |
2% of dwelling amount, 250 max/shrub |
5% or 500 max |
| Association Loss Assessment |
|
2,500 |
| Refrigerated Products Loss |
|
2,500 |
| Loss from Ordinance or Law |
|
80% of Dwelling Amount |
| Sewer Backup |
|
2,500, Flood Excluded |
| Artificially Generated Current to Electronics |
|
500 |
| Coverage C Personal Property Perils Covered |
|
|
| Perils of the Sea (sinking, stranding, collision w/ floating objects) |
Specifically Included |
Endorsement 114 excludes sinking “unless caused by a peril insured against” (weight of ice, sleet, snow covered peril)
Coverage for peril of vehicles is not defined (watercraft a “vehicle”?) |
| Water Damage |
Specifically Included |
Limited to damage from a storm causing an opening in the dwelling or from accidental discharge from mechanical system or appliance. |
| Vehicles |
Excludes damage from insured motor vehicle or watercraft |
No limitation, question is whether a watercraft is a “vehicle” |
| Volcanic Activity |
Not Covered |
Covered except quake or tremors |
| Coverage A & B Exclusions Dwelling & Other Structures |
|
|
| Towing |
Specifically Excluded |
Not excluded (endorsement 114 excludes all coverage if moved) |
| Earthquake |
Seismic activity and tsunamis excluded |
Earth movement excluded |
| Water Damage |
Excludes water movement from seismic activity or man made containment systems (i.e. dams); failure of tanks; damage to property on land |
Excludes flood, surface water, waves, tidal waves, etc. |
| Section II Liability |
|
|
| Personal Injury |
|
Personal Injury (libel, slander, malicious prosecution, wrongful eviction, wrongful entry) |
| Reasonable Force |
“Reasonable force” under intended injury exclusion |
|
| Business |
Business rental of single family floating home. |
Incidental business activities of minors |
| Vehicles |
|
Non-owned rec. vehicles; Golf carts on, to, from course; Non licensed vehicles for residence service; Vehicles for handicapped;
Vehicles in dead storage |
| Watercraft Liability |
Non-sailing 26+hp: Only if operated by an adult |
Excludes sailing vessels 26’+ owned or regularly rented; 51+hp owned or regularly rented or any personal watercraft |
| Communicable Disease |
Exclusion applies to disease by any person or creature, living or dead |
Exclusion applies to disease by an insured |
| Pollution |
|
Exclusion does not apply to heat, smoke or fumes from a hostile fire |
| Lead |
Excluded |
|
| Animals |
Excluded |
Endorsement available to exclude canines |
| Asbestos |
Excluded |
|
| Fungi |
Excluded |
|
| Punitive Damages |
|
Excluded |
