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Our Personal Lines Products

Golden Bear’s personal lines products provide the insured with cost effective and comprehensive coverage. However, Golden Bear also offers additional coverages and higher coverage limits so that coverage can be uniquely tailored to meet each insured’s specific coverage needs. One of the most important steps in purchasing an insurance product is to be informed about what you are purchasing. Coverage for particular items or causes of loss may be subject to exclusion or coverage limitation. Consumers should always read an insurance policy carefully and discuss any questions they have with their agents. Independent agents will explain the coverages provided in these policies and discuss additional coverages available.

HO-3 Homeowners Policy

This homeowners policy provides coverage for most causes of direct physical loss. It is extremely important that homeowners know the replacement value of their home and insure their homes for that value. An insured may elect either actual cash value or replacement cost coverage for personal property.

This homeowners policy has two sections of coverage:

1. Section I provides property coverage for

  • * Scheduled dwellings
  • * Insured’s personal belongings
  • * Most unattached structures
  • * Expenses that the insured may incur because of the loss of use of the dwelling at the time of a covered loss

2. Section II provides liability coverage for

  • * Bodily injury and property damage caused by a covered occurrence including law suits brought against the insured by a third party
  • * Some medical payments to others while on the insured’s property or as a result of the insured’s personal activities

HO-4 Renters Policy

This renters policy provides financial protection against the loss or destruction of an insured’s possessions when he or she rents a house or apartment. Renters insurance is tailored to address the needs of a renter. These needs, naturally, differ from those of a dwelling or condominium unit owner who insure the real property. In the event of loss, the owner’s policy will not cover a renter’s belongings, but a renters insurance policy will. Like the homeowners and the condominium policies, the renters policy is a package policy. It provides coverage for household items in the event of fire, theft or other covered losses, and includes personal liability protection.

HO-6 Condominium Owners Policy

This condominium or unit-owners policy is particularly designed for condo owners. Condo insurance provides coverage for that part of the condominium owned by the insured and not covered by the association’s insurance policy. A condominium association’s insurance policy typically insures the building, including the finished interior walls, and other common areas. The condo policy then insures the remaining open interior; however, because scope of ownership does vary, consumers should review their association’s insurance policy, by-laws, articles, or operating rules to understand their interests. This condo policy provides coverage for personal property, fixtures and improvements attached to the building, and personal liability.

Dwelling Policy

Golden Bear’s Dwelling Fire Program is designed primarily for tenant-occupied dwellings, but can also accommodate older homes that are owner-occupied, which may not qualify for the Homeowners Program due to age restrictions. This program has several optional coverages which may be added by endorsement. These include: Fair Rental Value or Additional Living Expense (depending on whether the home is tenant or owner occupied), Contents Coverage, Dwelling Replacement Cost, Loss Assessment, Ordinance or Law, Liability Coverage, Personal Injury and Premises Medical Payments. The Dwelling Fire Program is competitively priced and available only in California.  

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