PL - IA 01/01/2013 Rates and Manuals - Western National Insurance ...

Western National Mutual Insurance CompanyIOWA HOMEOWNER RULESRule 1 – Eligibility1.1 Owner OccupiedA policy may be issued to an owner-occupant of a family dwelling used only for privateresidential purposes, except as permitted in Rule 1.5, and occupied by no more than twofamilies and no more than two boarders or roomers per family.Use Form 2, 3 or 5.1.2 Tenant OccupiedA policy may be issued to the tenant(s) (non-owners) of a dwelling or apartment if the residenceoccupied by the insured(s) is used only for residential purposes, except as permitted in Rule1.5, and is occupied by no more than one additional family or two boarders or roomers.Use Form 4.1.3 Unit-OwnersA policy may be issued to the owner-occupant of a condominium or co-operative unit if the unitis used only for residential purposes, except as permitted in Rule 1.5, and is occupied by nomore than one additional family or two boarders or roomers.Use Form 6.1.4 Co-Owner OccupancyA policy may be issued to one of the co-owners of a two family dwelling provided each co-owneroccupies a separate family unit within the dwelling. The dwelling must be used only for privateresidential purposes, except as permitted in Rule 1.5. Coverage for the other co-owner's interestin the dwelling and related private structures and for premises liability may be provided by theadditional insured endorsement ML-41.Use Form 2, 3 or 5.A Form 4 policy providing coverage for personal property, additional living costs, and personalliability may be issued to the other co-owner(s).1.5 Incidental Business OccupanciesAn insured may engage in certain business activities on the insured premises without affectingthe eligibility status, provided that the premises is occupied principally for private residentialpurposes. Refer to the Company for eligible business occupancies.7-1-2010 IA - Rules - 1 General RulesIncludes copyrighted material with permission of American Association of Insurance Services