On Habitational property the Plan will issue a simplified language policy affording coverage against direct loss to real or tangible personal property at a fixed location in the State of West Virginia caused by perils defined and limited in the Insurance Services Office Form DP-00 01 basic form which includes the perils of fire and extended coverage. Vandalism coverage is not provided.
On Commercial property the Plan will issue a simplified language policy affording coverage against direct loss to real or tangible property at a fixed location in West Virginia caused by perils defined and limited in the Standard Commercial Property Policy of the Insurance Services Office. The perils include fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicles, riot or civil commotion, sinkhole collapse, volcanic action, vandalism and sprinkler leakage.
Vandalism and malicious mischief and sprinkler leakage coverage are not available on properties which are fully vacant or unoccupied, or on Builder's Risks.
Coverage against loss caused by other perils, or for time element or indirect loss is NOT provided by the Plan.
Coal mine subsidence insurance will be provided up to a maximum of $200,000 or the amount of fire insurance whichever is less. Coverage is mandatory where the property is located in other than Berkley, Cabell, Calhoun, Hampshire, Hardy, Jackson, Jefferson, Monroe, Morgan, Pendleton Pleasants, Ritchie, Roane, Wirt or Wood Counties and the applicant has not signed the waiver statement.