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This is a new coverage to me. The article raises more questions than answers. Is this a standalone policy? Is it marketed with an ACE homeowners policy or is it a supplement for other company’s policies.
Who needs this coverage? It’s already included in the HO-3 coverage D for loss of use or additional expenses. I suppose the disappearing deductible feature would be nice for homeowners who’ve recently switched to high deductible policies.
Still, it would to need to be mass marketed at a low premium to be sellable.
This is stand alone and the important features are the payment of mortgage while uninhabitable & deductible recovery.