What is an HO 3?
What is an HO 3?Homeowners Policy Special Form 3 (HO 3) — part of the Insurance Services Office, Inc. (ISO),...
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What is standard home insurance?
What is standard home insurance?A standard homeowners insurance policy provides coverage to repair or replace your home and its contents...
What are the 3 basic levels of coverage that exist for homeowners insurance?
What are the 3 basic levels of coverage that exist for homeowners insurance?Homeowners insurance policies generally cover destruction and damage...
Which kinds of insurance are not included in property insurance?
Which kinds of insurance are not included in property insurance?Loss or damage caused by war and warlike operations, nuclear perils,...
Can I claim for a new front door on house insurance?
Can I claim for a new front door on house insurance?Usually, yes. A front door and its locks are considered...
Are windows included in buildings insurance?
Are windows included in buildings insurance?Buildings insurance covers the structure of your home, so the roof, walls and windows. It...
Does homeowners insurance cover water damage from washing machine?
Does homeowners insurance cover water damage from washing machine?Homeowners insurance may help cover damage caused by leaking plumbing if the...
What is the 80% rule in insurance?
What is the 80% rule in insurance?The 80% rule means that an insurer will only fully cover the cost of...
What is average policy?
What is average policy?Average policy refers to a policy followed in fire insurance which states that the insurance company will...
What happens if you under insure your house?
What happens if you under insure your house?Best practice suggests a property is underinsured if an insurance policy covers 90...
