HOME
PRODUCER LOGIN
ONLINE PAYMENTS     
PRODUCER QUICK
REFERENCE
MORTGAGEE RENEWAL
INQUIRY
REQUEST WEB ACCESS
REQUEST ELECTRONIC
STATEMENTS
ENHANCEMENTS
MANUALS
LOSS PREVENTION
INSPECTION
PROCESS
FORMS
REPORT A CLAIM
ARSON WATCH
REWARD PROGRAM
CAREERS
PRIVACY POLICY
CONTACT US
ABOUT US
Producer Quick Reference

How to write a Homeowners Policy Held in Trust Homeowners Endorsement Forms Quick Reference
Producer Quick Reference Factsheet Wind/Hail Quick Reference Factsheet
Occasional Rental Rules Preventing Winter Freeze-Ups!




HOMEOWNERS POLICY HELD IN TRUST

For an additional premium, Residence Held in Trust, Endorsement HO 05 43, provides the means to issue a Homeowners Policy in the name of a trust and trustee that owns a residence premises and insure the personal property and liability interests of the beneficiaries and/or grantors if residents of the dwelling.

Example 1 – Trustee(s) occupies the property:

John and Mary Smith sign their property over to a trust, the JMS Trust which names themselves, John and Mary Smith as Trustees. John and Mary Smith occupy the property.

Title on policy is John and Mary Smith Trustees of the JMS Trust.

Endorsement HO 05 43 is added to the policy.

Both individuals must sign the application.

Example 2 – Beneficiary occupies the property:

John and Mary Smith sign their property over to a trust, the JMS Trust which names their son, Michael as trustee and their daughter Jane as Beneficiary. Jane is the sole occupant of the property.

Title on policy should be Michael Smith Trustee of the JMS Trust.
Endorsement HO 05 43 should be added naming Jane Smith Beneficiary of the JMS Trust.

Both individuals must sign the application.

Example 3 – Grantor occupies the property:

John and Mary Smith sign their property over to a trust, the JMS Trust under which they retain a life estate and name their son, Michael as trustee. John and Mary occupy the property, Michael resides elsewhere.

Title on policy should be Michael Smith Trustee of the JMS Trust.

Endorsement HO 05 43 is added naming John and Mary Smith Grantors of the JMS Trust.

All 3 individuals must sign the application.

Note: If the Grantor and/or Beneficiary are not occupying the property they cannot be added to the policy using endorsement HO 05 43.


COMMERCIAL AND DWELLING POLICY

Example

John and Mary Smith sign their property over to a trust naming themselves as trustees. Title will read, “John and Mary Smith trustees of the John and Mary Smith Trust”.

Signatures of John and Mary Smith as trustees are required.



return




PRODUCER QUICK REFERENCE
  Dwelling Fire DP 00 01, 02 & 03 Homeowners Program
Owners Forms HO 00 02, 03 and 05
Tenants Form HO 00 04
Condo Unit Owners Form HO 00 06
Commercial
Standard Property
Policy Form
CP 00 99
Base Deductible $250* $250* $500*
Optional Deductibles $100, $500 $1,000 & $2,500
See Wind Hail
Deductible Fact sheet for Mandatory
Wind Hail deductible information.
All Forms: $500, $1,000, $2,500
HO 02, 03 and 05, only: $100 See Wind Hail
Deductible Fact sheet for Mandatory
Wind Hail deductible information.
$250, $1,000, $2,500, $5,000
$10,000, $25,000, $50,000 &
$75,000
Basic Eligibility - 1-4 Unit Dwelling.
- Contents of any Residential Unit.
- HO 02, 03 and 05: 1-4 Unit Dwelling Owner Occupied
- HO 04 : Any Residential Unit
- HO 06 : Owner Occupied Condo Unit
Commercial property including buildings
with 5 or more apartments or condominiums.
Minimum Limit
  Cov. Amt
- DP 00 01 None
- DP 00 02 $12,000
- DP 00 03 $15,000
Section I:  Cov. Amt.
- HO 02, 03 or 05 – Cov A 
- Primary Location  $ 25,000
- Secondary Location  $ 15,000
- HO 04 – Cov C  $ 6,000
- HO 06 – Cov C  $ 10,000
Section II: All Forms  
- Coverage E  $100,000
- Coverage F  $ 1,000
None
Maximum Limit $1,000,000 Single Interest

$1,500,000 Multiple Interest Building & Content Coverage
Section I:  Cov. Amt.
- HO 02, 03 or 05 - Cov A $ 1,000,000
- HO 04, 06 - Cov C $ 1,000,000
Section II: All Forms 
- Coverage E  $ 500,000
- Coverage F  $ 5,000
$1,000,000 Single Interest

$1,500,000 Multiple Interest Building & Content Coverage
Minimum Premium $50 $50 $100
Amount of Insurance Requirement
(Co-Insurance)
(DP-1) Present Market Value

(DP-2 and DP-3) generally 80% or more of Replacement Cost
- HO 02, 03 or 05: Generally 80% or
more of Replacement Cost

- HO 04, 06: Actual Cash Value
Buildings: 80%, 90%, 100% of Replacement Cost Less Depreciation, with proper documentation, otherwise written with no co-insurance

Contents: Actual Cash Value
Application(s) Required Application ACORD 65 MA. Mandatory Building Fire Insurance Application (MUA-CA-1). MPIUA MS&B Replacement Cost Estimate. If under rehabilitation or construction Letter of Intent is required. Application ACORD 60 MA Home Cost Estimator Worksheet (MUA-RIA-HCE) required for Forms HO 02, 03 and 05. Application ACORD 67 MA. Mandatory Building Fire Insurance Application (MUA-CA-1) is also required if building coverage is requested. If under rehabilitation Letter of Intent is required.
For all lines, a copy of the mortgage agreement is required if there is a non-institutional mortgage holder named on the application.

This quick reference highlights basic MPIUA products and requirements. MPIUA Producers’ Operations Manual should be consulted for details of these and additional products and requirements, as well as for detailed procedures.
return




OCCASIONAL RENTAL OF OWNER OCCUPIED PROPERTIES
The Association’s Homeowners policy standards allow for the occasional rental of Homes primarily occupied by the named insured. The number of weeks allowed for rental is determined by how the property is occupied.

Primary and Secondary Homes – Homes that are occupied on a year round basis. Primary and Secondary homes may be rented annually for up to 12 weeks.

Seasonal Properties - Seasonal properties are properties that have a period of un-occupancy of at least 3 consecutive months per year. Seasonal Properties may be rented annually for up to 4 weeks.



return




WINDSTORM OR HAIL DEDUCTIBLE
I. Windstorm or Hail Deductible Rule for Properties located in Barnstable, Dukes and Nantucket Counties or located within ˝ mile of the coast in rest of the state.
MINIMUM WINDSTORM OR HAIL DEDUCTIBLE
Cov A Limit in
(000)
Entire Duke & Nantucket Counties Barnstable Counties Rest of State
    Within 1/2 mile of the coast More than 1/2 mile of the coast Within 1/2 mile of the coast More than 1/2 mile of the coast
Up to 99 2% 2% 2% 1% AS PER CURRENT
100 – 199 2% 2% 2% 1%  
200 – 299 5% 2% 2% 1% MINIMUM WINDSTORM
300 – 399 5% 2% 2% 1%  
400 – 499 5% 2% 2% 1% OR HAIL DEDUCTIBLE
500 – 599 5% 2% 2% 2%  
600 – 699 5% 5% 2% 2% REQUIREMENT
700 – 799 5% 5% 2% 2%  
800 – 899 5% 5% 2% 2% AS SHOWN
900 – 999 5% 5% 2% 2%  
1000 5% 5% 2% 2% BELOW

II. Windstorm or Hail Deductible Rule for Properties located more than ˝ mile from the coast anywhere in the state except properties in Barnstable, Dukes and Nantucket Counties
MINIMUM WINDSTORM OR HAIL DEDUCTIBLE (COVERAGE A LIMIT)
All other perils Ded. Limits Up to $59,999 $60,000 to 124,999 $125,000 to $249,999 $250,000 to $599,999 $600,000 and over
$100 NONE $500 $1000 $2000 $5000
$250 NONE $500 $1000 $2000 $5000
$500 NONE NONE $1000 $2000 $5000
$1000 NONE NONE NONE $2000 $5000
$2500 NONE NONE NONE None $5000


return




HOMEOWNERS ENDORSEMENT FORMS QUICK REFERENCE
FORM ID NAME REQUIRED INFORMATION/DOCUMENTATION
HO 00 02 Broad Form HCE Worksheet, Cov A must be = or > 80% of Estimated Replacement Cost
HO 00 03 Special Form HCE Worksheet, Cov A must be = or > 80% of Estimated Replacement Cost
HO 00 04 Contents Broad Form Coverage C Minimum Limit of $6,000
HO 00 05 Comprehensive Form HCE Worksheet, Cov A must be = or > 80% of Estimated Replacement Cost
HO 00 06 Unit-Owners Form Coverage C Minimum Limit of $10,000
HO 01 20 Special Provisions Massachusetts  No Additional Information needed – Mandatory Endorsement
HO 03 12 Windstorm or Hail Percentage Deductible Mandatory when W/H % Deductible is attached to policy
HO 04 10 Additional Interests Name & Address of Person or Organization, Interest, Documentation showing interest
HO 04 12 Increased Limits On Business Property Increase in Limit of Liability, Total Limit of Liability, Description of Business
HO 04 14 Special Computer Coverage No Additional Info. This is not a schedule. Increases perils insured against.                                  
HO 04 16 Premises Alarm or Fire Protection System Type of Device, Installation Certificate
HO 04 26 Limited Fungi, Wet or Dry Rot or Bacteria Cov Mandatory for HO 00 02, 04 & 06 Policies.  Higher Limits Optional
HO 04 27 Limited Fungi, Wet or Dry Rot or Bacteria Cov Mandatory for HO 00 03 & 05 Policies.  Higher Limits Optional
HO 04 28 Limited Fungi, Wet or Dry Rot or Bacteria Cov Mandatory for HO 00 04 & 06 Policies w/ HO 05 24, HO 17 31 & HO 17 32 Higher Limits Optional
HO 04 35 Loss Assessment Coverage Indicate “Residence Premises” & Additional Amount of Insurance if coverage desired for Add’l Location need to indicate Location & Limit of Liability
HO 04 40 Structures Rented to Others  (Residence Premises) Description of Structure, Limit of Liability, Year of Construction, # of Families Used for rented home/cottage/carriage house etc. on premises.
HO 04 41 Additional Insured (Residence Premises) Name & Address of Person or Organization, Interest (Add’l Insureds must sign Application)
HO 04 42 Permitted Incidental Occupancies Description of Business, # of employees, any physical alterations to residence, number of clients that visit the business on weekly basis, where in the residence is business located, If business is located in an other Structure on the residence need Limit of Liability & Description of Structure if coverage is desired
HO 04 43 Replacement Cost For Non Building Structures No Additional Information Needed
HO 04 46 Inflation Guard Percentage Amount 4% 6% 8%10% etc.
HO 04 48 Other Structures On The Residence Premises (Increased Limits) Description of Structure –Garage/shed/etc. & Additional Limit of Liability
HO 04 49 Building Additions and Alterations (Other Residence) Location of the Building & Limit of Liability
HO 04 50 Increase Limits to Personal Property Location of Insured’s Residence, Increase in Limit of Liability & Total Limit Of Liability at This Location
HO 04 51 Building Additions and Alterations (Increased Limit Form HO 00 04) Increase in Limit of Liability & Total Limit of Liability
HO 04 53 Credit Card, Fund Transfer Card, Forgery & Counterfeit Money Coverage (Increased Limit) Increase In Limit of Liability & Total Limit of Liability
HO 04 54 Earthquake Earthquake % Deductible, If Exterior is Masonry Veneer indicate if it is to be covered.
HO 04 56 Special Loss Settlement Percentage Amount of Full Replacement Cost
HO 04 58 Other Members of Your Household Name Of Person Covered By This Endorsement
HO 04 59 Assisted Living Care Coverage Name of Relative(s), Name & Location of Residency, Limit of Coverage E & F
HO 04 61 Scheduled Personal Property Endorsement Need detailed Description of all items being scheduled, Receipts/Appraisals no older than 5 years needed for all items scheduled for $2500 or more.
HO 04 65 Coverage C Increased Special Limits of Liability Increase In Limit Of Liability, Total Limit of Liability
HO 04 66 Coverage C Increased Special Limits of Liability  (HO 00 05, HO 00 04 w/HO 05 24 & HO 00 06 w/HO 17 31)  Increase In Limit Of Liability, Total Limit of Liability
HO 04 77 Ordinance or Law Coverage New Total Percentage Amount
HO 04 81 Actual Cash Value Loss Settlement No Additional Information Needed
HO 04 90 Personal Property Replacement Cost Loss Settlement No Additional Information Needed
HO 04 91 Coverage B-Other Structures Away From The Residence Premises Description of Other Structure(s)- indicate how used with home.
HO 04 92 Specific Structures Limit of Liability, Description & Location of Structure
HO 04 95 Water Back Up and Sump Overflow No Additional Information Needed
HO 04 96 NO Section II-Liability Coverage for Home Day Care Business Limited Section I- Property Coverage No Additional Information Needed – Mandatory Endorsement
HO 04 97 Home Day Care Coverage Endorsement Number of Persons Receiving Day Care Services (Max 3 children-aggregate) # of employees, any physical alterations to residence, where in the residence is daycare located, If daycare is located in an other Structure on the residence need Limit of Liability & Description of Structure if coverage is desired.
HO 04 98 Refrigerated Property Coverage No Additional Information Needed
HO 04 99 Sinkhole Collapse No Additional Information Needed
HO 05 02 Additional Limits Of Liability For Coverages A, B, C and D – Massachusetts Coverage A must be at Least = to 100% of the Estimated Replacement Cost or previous carriers coverage A whichever is greater.
HO 05 08 Specified Additional Amount Of Insurance For Coverage A – Dwelling - Massachusetts Additional Amount of Insurance Percentage, Coverage A must be at Least = to 100% of the Estimated Replacement Cost or previous carriers coverage A whichever is greater.
HO 05 24 Special Personal Property Coverage No Additional Information Needed
HO 05 27 Additional Insured - Student Living Away From Home The Residence Premises Name and Address of Student, Name Of School
HO 05 28 Owned Motorized Golf Cart Physical Loss Coverage Limit of Liability, Deductible, Does Collision Apply, Make or Model and Serial Or Motor Number. Where is Cart used.
HO 05 30 Functional Replacement Cost Loss Settlement HCE Worksheet, apply Functional Replacement Cost Factor
HO 05 41 Extended Theft Coverage For Residence Premises Occasionally Rented To Others Number of weeks rented and number owner occupied.
HO 05 43 Residence Held in Trust Enter Name of Grantor or Beneficiary if they reside a residence premises.
HO 05 46 Landlord’s Furnishings Description of Rented Unit, Increase in Limit of Liability, Total Limit Of Liability
HO 05 72 Property Remediation For Escaped Liquid Fuel and Limited Escaped Liquid Fuel Liability Coverages (HO 00 02, 03 & 05) Need to know if storage tank is above ground or below ground Aggregate Limited Escaped Liquid Fuel Liability Limit Of Liability Property Remediation For Escaped Liquid Fuel Limit of Liability
HO 05 73 Property Remediation For Escaped Liquid Fuel and Limited Escaped Liquid Fuel Liability Coverages (HO 00 04) Need to know if storage tank is above ground or below ground Aggregate Limited Escaped Liquid Fuel Liability Limit Of Liability Property Remediation For Escaped Liquid Fuel Limit of Liability
HO 05 74 Property Remediation For Escaped Liquid Fuel and Limited Escaped Liquid Fuel Liability Coverages (HO 00 06) Need to know if storage tank is above ground or below ground Aggregate Limited Escaped Liquid Fuel Liability Limit Of Liability Property Remediation For Escaped Liquid Fuel Limit of Liability
HO 05 75 Rating Information Property Remediation For Escaped Liquid Fuel and Limited Escaped Liquid Fuel Liability Mandatory when endorsement HO 05 72, HO 05 73 or HO 05 74 are attached to a policy
HO 07 01 Home Business Insurance Coverage Underwritten on an individual basis.
HO 17 31 Unit-Owners Coverage C Special Coverage Form HO 00 06 Only No Additional Information Needed
HO-17 32 Unit-Owners Coverage A Special Coverage Form HO 00 06 Only No Additional Information Needed
HO 17 33 Unit-Owners Rental To Others Form HO 00 06 Only  Need to know # of weeks the condominium is rented.  Maximum Rental period of 12 weeks Primary/Secondary residence and 4 weeks for seasonal residence
HO 17 34 Unit-Owners Modified Other Insurance and. Service Agreement Form Condition HO 00 06 Only No Additional Information Needed
HO 23 71 Tenants Relocation Expense-MA Attached to all multi-family policies unless Additional Insureds occupy the remaining units in the Dwelling
HO 24 13 Incidental Low Power Recreational Motor Vehicle Description of vehicles including miles per hour needed
HO 24 41 Lead Poisoning Exclusion-MA Applies to all Multi-Family Primary residences built prior to 1978, also applies to all HO 24 70 & HO 04 40 locations built prior to 1978 attached to policy
HO 24 42 Coverage for Lead Poisoning-MA Coverage E Lead Poisoning Liability Limit, Location(s) and description of each unit in the dwelling the coverage is being  purchased for.
HO 24 43 Permitted Incidental Occupancies (Other Residence) Description of Business & Location, # of employees, any physical alterations to residence, number of clients that visit the business on weekly basis.
HO 24 64 Owned Snowmobile Make or Model, Serial Or Motor Number
HO 24 70 Additional Residence Rented to Others (1, 2, 3 or 4 Families) Location, Number of Families and Year of Construction Maximum of 2 per policy.  Properties under rehabilitation are ineligible.
HO 24 71 Business Pursuits Name and Business Of Insured, Indicate if Corporal Punishment is desired
HO 24 75 Watercraft Description & Length Of Watercraft & Inboard or Outboard Engine, Outboard Engine If Not Owned by Insured 
HO-24 82 Personal Injury No Additional Information Needed
MUATRE Tentative Rate Endorsement No Additional Information Needed – Mandatory Endorsement
HO FP Special Endorsement No Additional Information Needed – Mandatory Endorsement


return

Copyright ©, Massachusetts Property Insurance Underwriting Association, 2000
Web Administrator: