Signature Choice Home

The "Coverage A" amount you select for your policy is usually the limit of payment you would receive to rebuild your house after a total loss.* However, that limit can quickly become obsolete, especially in times of high inflation.

To help counter rising costs, Signature Choice takes potential inflation into account and includes an Additional Rebuilding Expense Coverage provision. 

This is how it works. For example, a house that cost $550,000 to build a few years ago and is insured for that amount is destroyed by a fire. Today’s steep inflation would likely drive up the rebuilding cost to $775,000.

The Additional Rebuilding Expense Coverage provision would extend the Coverage A amount to meet the $225,000 difference.

If your home incurs extensive damage, such as from a house fire, a tornado, hurricane winds, etc., you’ll have to remove the destroyed structure and contents before you can repair or rebuild your home.

This can be very, very expensive, as an actual invoice for debris removal shows below.

Signature Choice will pay up to 10% of your policy’s Coverage A limit toward the cost of debris removal and cleanup.³ No claim payment deductible applies to this coverage.

It will also pay up to $500 to remove a tree that has fallen across a driveway or walkway or that otherwise blocks access to your property. It even pays up to $1,000 to remove multiple trees that have fallen and block access to your property

Standard homeowners insurance pays personal property claims based on the item’s age and condition – and usually only up to 50% of your policy’s Coverage A amount in total.

So, because of depreciation, even if an eight-year-old dining room set you paid $12,000 for is in great shape, you’d likely only get a claim check for $10,080 – leaving you with $1,920 less than you originally paid for it. And, given inflation, it may cost a lot more than the $12,000 you originally paid to buy a new set.

Signature Choice provides much better coverage. The policy’s Coverage C – Personal Property section pays to replace your belongings with items of like kind and quality – up to 75% of your policy’s dwelling coverage amount for your personal property in total.6 So, you’d be able to replace your kitchen set with a brand-new version.

Most homeowners policies don’t pay toward repair, replacement, or cleanup expenses if water/sewer pipes back up into your home or when a sump pump fails and floods the basement and damages the structure of your home or the belongings in it. Signature Choice will pay up to $100,000. No claim payment deductible applies to this coverage.

“Coverage E – Personal Liability” on a standard policy protects you and your household family members from claims/lawsuits related to physical injury or property damage only. Signature Choice adds coverage for personal injury claims/lawsuits for issues such as accidental invasion of privacy, libel, or slander.

“Coverage F – Medical Payments to Others” on a standard policy pays up to an amount you select toward medical costs that other people incur both on and off your residence premises because of your or a covered household family member’s actions or lack of action. Signature Choice automatically includes up to $10,000 of coverage and includes the option of higher coverage limits.

Volunteer activities coverage. Organizations may not cover their volunteers for lawsuits related to their activities. This coverage provides up to $10,000 for damages for which you or a covered household family member are found legally liable.

Directors and officers liability related to professional services for nonprofit organizations. This coverage applies to expenses related to bodily injury, personal injury, or property damage that arise out of your or a covered household family member’s acts, errors, or omissions as an officer, director, or member of a board of directors of a nonprofit organization or of a condominium or cooperative association.

Coverage and coverage limits apply to covered causes of loss. Policy provisions, exclusions, conditions, and terms apply. For more information, please contact Electric Insurance Company at 800.342.5342. If there are discrepancies between the information on this site and the policy, the terms in the policy apply.

1. The policy’s co-insurance clause requires the dwelling to be insured for at least 80% of the cost it would take to rebuild your home at the time of the claim in order for Additional Replacement Cost Coverage to apply.

2. Coverage A.

3. The limit of payment you would receive to rebuild your house after a total loss.

4. The waiver does not apply to losses related to wind, hurricane, hail, or earthquake damage. 

Electric Insurance Company Risk Coach™ professionals help you assess your current coverages and exposure to risk based on the information you provide during your discussion. The services provided are for informational purposes only and do not create a professional or fiduciary relationship. Incomplete information or a change in your circumstances after your meeting may affect coverage requirements or recommendations. 

1. Assisted living
2. Business data recovery
3. Compliance with ordinances or laws related to rebuilding or major repairs
4. Credit card, EFT card, etc.
5. Debris removal
6. Golf cart property and liability
7. Grave markers
8. Green rebuilding expenses
9. HOA member loss assessment
10. HOA member loss assessment – association deductible
11. Identity fraud expense and restoration services 
12. Kidnap and ransom expenses
13. Land restoration related to damage to a structure on your property
14. Lock replacement
15. Loss mitigation measures
16. Mortgage extra expense
17. Municipal service charges: Fire Department service charge
18. Municipal service charges: Police Department service charge
19. Personal electronic data restoration
20. Property of guests and domestic employees
21. Refrigerated products
22. Reimbursement for advance payment services cancellation
23. Reward
24. Trees, shrubs, and other plants
25. Wildfire defense

If your home, its contents, or other covered structures on your property are destroyed by a chimney fire or other covered cause of loss, Signature Choice offers the option of paying the actual cash value of your property without requiring you to rebuild your home or other covered structure (e.g., pool house, fence, detached garage, etc.) on your property.

Guesthouses, pool houses, detached garages, greenhouses, barns, fences, walkways, and other structures on your residence premises other than the main dwelling can be very costly to rebuild or repair. Signature Choice pays up to 20%, rather than the 10% offered by standard policies, of your home’s stated value (Coverage A) for repairs or rebuilding after a covered loss.

If you must make substantial repairs to your home or rebuild it after a covered loss, you’ll be responsible for ensuring the new construction meets current building codes. That can add tens of thousands of dollars to rebuilding costs.

Signature Choice Home will pay 100% of the policy’s Coverage A (for your main dwelling) and Coverage B (for other structures on your property such as guesthouses, detached garages, fences, etc.) amounts to help ensure you can meet the new rebuilding ordinance or law’s requirements.

No claim payment deductible applies to this coverage.

Signature Choice increases the maximum amount of coverage from the $200 afforded by a standard policy to $2,500 for the following items: money, banknotes, bullion, gold other than gold ware, silver other than silverware, platinum, coins, and medals.

Signature Choice increases the coverage amount (from $500 in a standard policy) to $10,000 and adds coverage for losses arising from bank cards, home banking, forgery, and counterfeit money.

No claim payment deductible applies to this coverage.

Signature Choice increases the standard coverage amount from $1,500 to $10,000 for loss by theft. It also adds coverage for “mysterious disappearance” – such as if you take off a ring to wash your hands in a public restroom and accidentally leave it there.

No per-item coverage maximum applies.

Signature Choice increases a basic policy’s $2,500 coverage to $10,000 for loss of silverware, silver-plated ware, gold ware, gold-plated ware, pewter ware, platinum ware, and platinum-plated ware. This includes flatware, hollowware, tea sets, trays, and trophies made of or including silver, gold, or pewter.

If you’re a DIYer, you may borrow the occasional power tool or other expensive item. What happens if you drop it or someone in your household accidentally backs over it and it’s damaged or destroyed? Signature Choice provides coverage up to $10,000.

So, you can reimburse your friend or neighbor – and keep your relationship intact.

If your domestic employee’s or visiting guest’s property is accidentally damaged or destroyed, Signature Choice will cover the cost of repairing or replacing it under the Coverage C provision of the policy. No claim payment deductible applies to this coverage.

Signature Choice raises the coverage for valuable documents (such as securities, accounts, deeds, evidence of debt, letters of credit, notes other than banknotes, manuscripts, personal records, passports, tickets, and stamps) kept in your home from $1,500 in a standard policy to $5,000.

Signature Choice doubles the standard coverage amount from a standard policy’s $2,500 to $5,000 for loss by theft. It also adds coverage for “mysterious disappearance” – such as if your firearm goes missing from your checked luggage at an airport.

Trees, shrubs, and other plantings can be a significant investment. For example, a mature oak tree can easily exceed $1,000 in value. Landscaping plants can be the target of theft and vandalism and are vulnerable to wind and hail damage.

Signature Choice increases the coverage amount for trees, shrubs, and other plants from a standard policy’s 5% of the policy’s dwelling rebuilding coverage cost amount to 10%. No claim payment deductible applies to this coverage.

Signature Choice doubles the coverage amount of a standard policy and extends up to $5,000 in coverage to utility trailers and semi-trailers you own.

Your data is your business’ lifeblood, so damage due to a covered cause of loss to your books of accounts, drawings, or other paper records and to your business computer and related equipment are covered up to $1,000. No deductible is applied to claims for this coverage.

Your data is your business’ lifeblood, so damage due to a covered cause of loss to your books of accounts, drawings, or other paper records and to your business computer and related equipment are covered up to $1,000.

No deductible is applied to claims for this coverage.

Signature Choice covers several types of business property, while it’s on or off your residence premises, for the following amounts.

• Up to $25,000 while it’s on the residence premises.
• Up to $10,000 while it’s off the residence premises.
• Up to $3,000 for electronic apparatus/accessories (including antennas, tapes, wires, records, discs, and other media) in or upon a motor vehicle. The item must be able to use vehicle’s electrical system and other power sources.

If you must leave your home because of damage to it, or threat of damage (such as from an approaching wildfire), Signature Choice will pay up to 75% of your Coverage A limit for additional expenses your household incurs as a result of maintaining your normal standard of living. This includes expenses such as lodging, restaurant meals, kennel expenses, etc.

This coverage does not apply to mandatory evacuation due to tropical storms, hurricanes, or other windstorms, named or not named.

This coverage pays up to $10,000 for damage or loss of personal property owned by the Signature Choice client or the client’s spouse or parent who lives in an assisted care facility. It will also pay up to $50,000 toward bodily injury or property damage claims against the covered individuals. No claim payment deductible applies to this coverage.4

This coverage pays up to $25,000 for expenses related to a kidnapping or ransom.

Covered expenses include interest costs for a loan from a financial institution to pay the ransom demand, attorney fees, earnings the Signature Choice client loses while resolving the issue, costs of travel and accommodations an insured individual incurs during negotiations, and fees and expenses of independent forensic analysts, private investigators, or negotiators.

No claim payment deductible applies to this coverage.

This coverage pays up to $2,500 for reimbursement of costs of loss mitigation devices that you install (after a covered loss of $10,000 or more) that are intended to protect the covered premises from similar subsequent losses.

No claim payment deductible applies to this coverage.

Signature Choice covers up to $5,000 for reasonable expenses you incur to defend your residence premises against a wildfire when either the fire is within three miles of your residence premises or a civil authority orders evacuation of the residence premises as a result of an approaching wildfire.

No claim payment deductible applies to this coverage.

ID theft and fraud is a fact of life: 25% of Americans were affected in 2021. This coverage pays up to $25,000 for expenses associated with identity recovery and includes sophisticated restoration services at no charge. The coverage reimburses you for many of the associated expenses – such as wages lost while you work to resolve the issue.

The identity restoration service guides you through the steps to identity recovery, while doing much of the work on your behalf.

No claim payment deductible applies to this coverage.

If the keys to your home are lost or stolen, Signature Choice will pay up to $500 for expenses you incur to replace the related locks.

No claim payment deductible applies to this coverage.

Municipalities are increasingly likely to charge homeowners for police services when they respond to home burglar alarms or other theft deterrent devices. This coverage pays up to $50 per response and up to $250 per policy period.

No claim payment deductible applies to this coverage.

If a Fire Department outside of your residence’s area responds to a call to save your property or prevent damage to it, Signature Choice will pay up to $5,000 for related service charges you incur.

No claim payment deductible applies to this coverage

Signature Choice reimburses policyholders for advance payments to a facility (e.g., a club) that is subsequently damaged by a covered cause of loss and can’t deliver the services or reimburse you for the deposit.

No claim payment deductible applies to this coverage.

This coverage applies to new structures under construction that will serve as the residence premises when completed and to renovations to the residence premises. Coverage extends to the insured individual’s tools, equipment, materials, and supplies on the building site, and to personal property while it is being transported from a residence premises or from a storage facility to the dwelling under construction or renovation.

Signature Choice pays:

• Up to 10% of the stated Coverage A amount for tools, equipment, materials, and supplies the client owns and that are located at the residence premises for use in the construction or renovation of structures.
• Up to $10,000 for materials and supplies related to the construction or renovation of the residence premises while they are temporarily at a location away from the residence premises.
• Up to $50,000 for theft or mysterious disappearance of materials and supplies.

Signature Choice covers a golf cart you own for up to $5,000 for damage to it that’s caused by collision or other perils. It also pays up to $1,000 for loss or damage to accessories and equipment while they are in or on the golf cart while it is on your residence premises.

No claim payment deductible applies to this coverage

Committing to green building practices is both environmentally friendly and expensive. If you have a “green” home that is destroyed or heavily damaged, Signature Choice will pay up to 25% of the stated Coverage A amount or a $50,000 maximum to restore, repair, or replace damaged property with certified “green materials.” It will also pay 25% of the estimated amount to rebuild the residence premises or a $50,000 maximum to meet any ordinance or law related to building codes.

No claim payment deductible applies to this coverage.

Coverage includes reimbursement (to the policy limits) for:

• Restoring, repairing, or replacing damaged property and the contents of the home with certified “green materials,” including replacing damaged or destroyed electric appliances with equivalent ENERGY STAR-qualified appliances.


• Environmentally sensitive demolition and debris removal and energy-efficient upgrades to building materials, interior lighting, roofing, plumbing, and heating and cooling systems.

If a type of loss covered by the policy (such as a fire or hurricane wind, damages your home so badly that you cannot live in it, Signature Choice Home will cover additional expenses – up to 75% of your policy’s Coverage A amount – that you incur as a result.

• Examples of covered expenses include:
• Hotel/motel expenses
• Expenses such as application fees that are related to renting living quarters
• Food/restaurant expenses if you must reside in a place without kitchen facilities. (Example: Your weekly grocery budget is $300 – about $42/day. Your policy would pay meal costs over that amount.)
• Additional miles you must drive to reach work, school, etc. as a result of being out of your home
• Boarding pets if your temporary housing will not allow pets
• Additional utility expenses such as electricity, landline, heat, cable, trash removal, etc.

If you cannot stay in your home due to evacuation orders by a civil authority, Signature Choice Home will reimburse you for the normal expenses of living for up to 30 days. This coverage does not apply to mandated evacuations due to tropical storms, hurricanes, or other windstorms. 

If your mobile phone, tablet, gaming device, or other electronic device or accessory (antennas, wires, discs, etc.) is stolen from or damaged while in your vehicle, this coverage will pay up to $3,000 for replacement or repair.

If an offsite power interruption or mechanical failure results in a loss to your refrigerated or frozen items, Signature Choice will pay up to $500. No claim payment deductible applies to this coverage.

If your home or detached structures (e.g., garage, shed, workshop) sustain covered damages (such as from a fire or windstorm), this coverage would pay up to 10% of your policy’s Coverage A amount toward the necessary replacement, excavation, stabilization, filling, or restoration of the land so that the damaged structure can be repaired. No deductible is applied to claim payments.

Valuable items you keep in a bank vault or safety deposit box for safekeeping are still subject to theft, fire, and natural disasters. Signature Choice covers coins, stamps, and medals in a bank vault/safety deposit box up to $5,000 and other valuables up to $50,000.

Gravestones and crypts are subject to damage by vandalism, weather events, and other causes of loss. Signature Choice will pay up to $10,000 for restoration or replacement of grave markers and mausoleums.

No claim payment deductible applies to this coverage.

If your home is destroyed while you still have a mortgage, this coverage will pay toward reimbursing you for any increased monthly mortgage expenses, up to $250 per month to a cumulative total of $20,000. Plus, it will reimburse you for “mortgage acquisition costs” and any legal fees you incur as a direct result of building a new home at the same location.

No claim payment deductible applies to this coverage.

Signature Choice covers the cost of replacing or re-creating personal data stored on a computer you own, or on its accessories, for up to $5,000, if the data is damaged or destroyed by a covered cause of loss.

No claim payment deductible applies to this coverage.

Signature Choice will pay a reward of up to $5,000 to any person who provides information resulting in the arrest and conviction of any other person who committed an arson at a location insured by the policy, or who robbed, stole, or burglarized the covered property of any insured individual. In addition, if a person assists in the successful recovery of stolen property covered by the policy, Signature Choice will pay that person 10% of the actual cash value of the recovered property, up to a maximum of $5,000.

No claim payment deductible applies to this coverage.