The homeowners policy contains several common conditions that apply to both Sections I and II.8 They are summarized as follows:
Liberalization clause. If the insurer broadens the coverage it offers without charging a higher premium within 60 days before inception of the policy or during the policy period, the broadened coverage applies immediately to the present policy. However, the liberalization clause does not apply to changes that are implemented with a general program revision that includes both broadenings and restrictions of coverage.
Waiver or change of policy provisions. A waiver or change in any policy provision must be approved in writing by the insurer to be valid.
Cancellation. The insured can cancel at ...