CHAPTER 3: STANDARD FIRE POLICY, …

3-1 CHAPTER 3: STANDARD fire policy , HOMEOWNER AND DWELLING POLICIES Let s STANDARD fire policy The STANDARD fire policy (SFP) was first used in the New York in the beginning of the 20th century. It s design was structured so well, it soon became the model for Personal and Commercial Property Insurance for all other states. In California, the policy is referred to as the California STANDARD Form fire policy . According to the California Insurance Code, all fire policies on subject matter in California shall be on the STANDARD form, and except as provided by this article shat not contain additions thereto. No part of the STANDARD form shall be omitted therefrom except that any policy providing coverage against the peril of fire only, or in combination with coverage against other perils, need not comply with the provisions of the STANDARD form of fire insurance policy or Section 2080, provided, that coverage with respect of the peril of fire , when viewed in its entirety, is substantially equivalent to or more favorable to the insured than that contained n such STANDARD form fire insurance policy .

3-3 Form HO-1 Basic HO-2 Broad HO-3 Special HO-4 Tenant Broad HO-3 & HO-15 Comprehensive HO-6 Condo Broad Sec. I Property A. Dwelling B.Other Structures

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  Policy, Standards, Chapter, Fire, Chapter 3, Standard fire policy, Ho 3 amp ho

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