The traditional and most time-tested property insurance policy offers coverage for fire and a few other specifically named perils. Standard fire policies are commonly known as the “165-line policy” because of the standard form (format and language) used to offer property insurance in most states. These policy forms are not complete, they require additional forms and endorsements to be added in order to cover boarder coverage for other direct and indirect risks. Homeowner policies typically start in with the Standard Fire Policy as a base for coverage insurance companies often combine coverage to create more complete package policies such as … Continue reading →