Are there different levels of home insurance?

Are there different levels of home insurance?

Homeowners insurance policies generally cover destruction and damage to a residence’s interior and exterior, the loss or theft of possessions, and personal liability for harm to others. Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.

Which of the following is something that will not affect your homeowners insurance premium?

Which of the following is something that will not affect your homeowners insurance premium? Answer: A (The distance of the home from a school.)

What is ho3 insurance?

Homeowners Policy Special Form 3 (HO 3) — part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio, the HO 3 insures the described owner-occupied dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use.

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