What is an HO 5?

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Sometimes called the comprehensive form, an HO5 policy is a type of home insurance written on an open-perils basis. This means your insurer covers damage to your home and personal property when it’s caused by an event, or peril, as long as it’s not listed as an exclusion in the policy.

What does an ho3 not cover?

Typical insurance exclusions for dwellings include floods, earthquakes, mudslides, sewer backups, ordinance updates and government seizures. If your home is located in a flood plain or earthquake zone, it may be worth purchasing additional protection to cover these perils.

What is HO6?

An HO6 insurance policy is homeowners insurance for those who own a condominium or co-op unit. As a condo or co-op unit owner, you own and are likely responsible for damages to your unit.