AIG Private Client Group


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COVERAGE FEATURE	WHAT IT MEANS	WHY IT MATTERS
All-risk Coverage	Protects against property damage or loss regardless of cause; for dwelling, other structures and personal property	Broadest coverage in the industry
Cash Settlement Option on Contents	Option to receive a cash settlement in lieu of replacing lost or damaged property	Flexibility at the time of loss
Total Loss Cash Settlement Options	Option to receive a cash settlement up to the coverage limit, rather than rebuild on the site	Flexibility at the time of loss
Extended Rebuilding Cost* for Dwelling Extended Guaranteed Rebuilding Cost* for Dwelling	Up to 150% of the dwelling amount for rebuilding both the dwelling and other structures No caps or limitations for rebuilding both the dwelling and other structures	Rebuild to match exceptional building quality, historic homes and unique structures Rebuild to match exceptional building quality, historic homes and unique structures, even when policy limits are exceeded
Replacement Cost for Contents	Damaged personal property can be replaced with new item(s)	Reimburses up to the coverage limit without depreciation
High Deductible Options	Deductibles available up to $100,000 or 5% of the dwelling ammount Deductibles available up to $100,000	Assuming more of the up-front risk can result in meaningful premium savings
Other Structures and Personal Property	Standard Limits: 20% of dwelling coverage for other structures and 60% of dwelling coverage for personal property; limits can be adjusted as needed Standard Limits: 20% of dwelling coverage for other structures and 50-70% of dwelling coverage for personal property; limits can be adjusted as needed	Flexible limits for more precise coverage
Building Ordinance Increased Costs	Pays for required upgrades to satisfy local building ordinances when rebuilding property damaged by a covered loss	Accounts for mandated increases and rebuilding costs up to the policy limit
Additional Living Expense and Fair Rental Value	Up to 30% of the dwelling amount for necessary increases in living expenses incurred when the home is uninhabitable due to a covered loss; includes loss of rental income Unlimited coverage for necessary increases in living expenses incurred when the home is uninhabitable due to a covered loss; includes loss of rental income	Policyholder can maintain acomparable standard of living while displacedfrom the home
Additions and Alterations	Combined with personal property coverage and into one aggregate limit for condos and co-ops	Allows for seamless coverage; simplifies claims process
Personal Property Away from Premises	Reimburses up to the highest content limit for any single location on the policy; responds if loss occurs away from any residence the insured owns or lives in	Reimburses up to the highest content limit for any single location on the policy; responds if loss occurs away from any residence the insured owns or lives in

* Availability varies by state.

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Coverage provided by the member companies of the American International Group, Inc. (AIG). The descriptions contained herein are summaries only. Please see actual policy for full terms, conditions and exclusions. All submissions are subject to underwriting guidelines. Coverage may not be available in all jurisdictions.