RULE 35.3F - UNIT - OWNERS RENTAL TO OTHERS (CO 17 33)
Applies
to: Premier - NO, Premier Plus - NO, Premier Select - NO,
Premier Condo -
YES, Premier Renters - NO
The Premier Condominium Owners Policy excludes Coverage C - Personal Property and Section II Liability Coverages when the residence premises is regularly rented or held for rental to others. The policy may be endorsed to provide this coverage, including theft.
The additional premium is calculated as follows:
1) Determine the total Base Premium (Round as calculated in Rule 40.1) for the desired limit of Coverage C - Personal Property.
2) The minimum limit for Coverage C - Personal Property as indicated in the Underwriting Rules may be waived for this coverage. If the value of insured's personal property in the unit is less than $6,000, calculate the base premium by multiplying the base premium for $25,000 (adjusted for deductible) limits by the appropriate factor listed below:
| Coverage
C Limits | Factor |
| $ 1,000
(Minimum) | .29 |
| 2,000
| .31 |
| 3,000
| .32 |
| 4,000
| .33 |
| 5,000
| .35 |
If the value of insured's personal property in the unit is over $6,000, omit Step 2 and go to Step 3.
3) Add $15 to the base premium calculated in Steps 1 and 2 above.
4) Multiply the result calculated in Step 3 above by .25.
Endorsement CO 17 33 Unit Owners Rental to Others will be attached to the policy.
