State Farm HO FORMS?

[iiinycboi]

Anyone work with state farm or knows about their homeowner policies?

I cant seem to find out if this is basic broad or special. It doesnt say anywhere on the policy but it has coverages that is in between basic and broad.

 

[infoe]

different policies in every state...hell completely different life company in ny...the fire policy is almost always a broad form replacement on both dwelling and pp. but it can be converted to a acv if the dwelling amount is lowered enough.

 

[iiinycboi]

i see, i called one of the local reps here and he didn't even know the difference in basic or broad coverage. So i couldn't get an answer from him.

I'm trying to compare coverage for a prospect but their plan falls in between my basic and broad prices but the coverages are a little confusing with state farm.

 

[Guest]

i have noticed, that if the liability was 100,000, it was a basic policy, if it was 300,000, it was usually a broad form.

In general, not set in stone

 

[iiinycboi]

thanks for the tip RBA, but the liability is 500k lol i checked their website their "BASIC" is FIRE lighting and freezing pipes so i naturally assume its broad but the prospect said it doesnt include the ice weight or falling objects.

Maybe they dont have basic or broad and this is how they confuse people to stay

 

[infoe]

It's safe to assume it's broad...sorry RBA but at least in TX and FL the liability limits does not determine whether its broad or named peril..havent heard otherwise but again when it comes to SF the left hand doesnt speak to the right.

in TX if you go below 80% of the Replacement Cost it still stays broad form but reverts to ACV.

 

[Guest]

It's safe to assume it's broad...sorry RBA but at least in TX and FL the liability limits does not determine whether its broad or named peril..havent heard otherwise but again when it comes to SF the left hand doesnt speak to the right.

in TX if you go below 80% of the Replacement Cost it still stays broad form but reverts to ACV.

I'm just saying from what I have seen, if people buy the basic form, its because they want cheapest, and 100K on liability makes it cheapest.

Thats why i said, IN GENERAL, not set it stone.
I wouldnt expect someone to get 500k in Liability with a basic policy