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Boston, Mass., December 15, 2005 Boston-based Homesite Insurance will now offer its line of home insurance products to residents in Vermont through selective marketing partnerships. With this addition, Homesite Insurance is now available in 45 states and the District of Columbia making home insurance solutions available to over 95% of the U.S. households.
Separately, Homesite announced that is has introduced Identity Theft coverage to four new states, Nevada, Montana, Utah and Vermont. Homesite's Identity Theft coverage endorsement is now available in 11 states and Homesite expects to continue to offer this endorsement in additional states throughout 2006.
The Identity Theft Expense Coverage Endorsement provides coverage for expenses incurred by an insured due to an act of identity fraud. It will help homeowners, condominium unit-owners and renters pay costs incurred for repairing their credit reports. The endorsement provides up to $15,000 of coverage for expenses incurred by an insured as the direct result of an identity fraud discovered or learned of during the policy period. Expenses include lost income up to a maximum of $200 a day for time taken off work to complete fraud affidavits, meet with or talk to law enforcement agencies, credit agencies and legal counsel. Total payments for lost income carries a $5,000 limit and a special deductible of $250 is the only deductible applied to identity fraud expense coverage.
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