What is hoi document?

What is hoi document?

Homeowners insurance is a multiline property insurance policy for private residence. The HOI covers both liability insurance, if someone were to be injured on your property, and homeowners insurance to cover the home from damage.

What is the 80% rule in insurance?

The 80% rule means that an insurer will only fully cover the cost of damage to a house if the owner has purchased insurance coverage equal to at least 80% of the house’s total replacement 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.)

See also  Which two perils are not covered under a standard homeowners insurance policy?