Progressive offers three levels of homeowner's insurance: one, two and three. The first level covers 11 different types of peril, which is defined as an exposure to risk or something causing loss or damage, explains Progressive. Progressive's second level of homeowner's insurance covers seven additional perils to level one. Progressive's third tier homeowner's insurance policy covers most perils including each one covered in the first two policy tiers. Progressive also offers additional endorsements that increase a policyholder's coverage.Continue Reading
A home insurance policy from Progressive covers the cost of damage and destruction to a policyholder's home and to any unattached buildings and structures, such as detached garages. These policies also provide coverage for a policyholder's personal belongings, and for medical payments for an individual who is injured on the policyholder's property, notes Progressive. If a policyholder's home is too damaged to be occupied, the insurance policy covers the cost of temporary living expenses.
A homeowner may elect to add guaranteed replacement cost coverage onto his insurance policy, notes Progressive. A homeowner also has the option of adding an inflation guard endorsement and a scheduled personal property endorsement to his policy. Progressive offers an optional increased limit on money and securities coverage as well as a secondary residence premises endorsement, which provides insurance coverage for a policyholder's second home.
An optional watercraft endorsement provides liability and medical payments coverage for certain types of watercraft, reports Progressive. With the credit card forgery and depositors forgery endorsement, a policyholder receives coverage if his credit cards are lost, stolen or wrongfully used. Policyholders also receive coverage if a check, draft or other financial document is forged. The theft coverage protection endorsement provides a policyholder with coverage in the event that items are stolen from his vehicle, trailer or watercraft.Learn more about Insurance