What are ho policies?
What are ho policies?
An HO-1 insurance policy is the most basic form of homeowners coverage. It protects the physical structure of a home from circumstances specifically listed on the policy. An HO-1 home insurance policy does not provide coverage for liability, personal belongings, or additional living expenses — only the dwelling itself. 3 days ago
Does home insurance cover mold?
Key Takeaways. Mold coverage isn’t guaranteed by your homeowners insurance policy. Typically, mold damage is only covered if it’s related to a covered peril. Mold damage caused by flooding would need to be covered by a separate flood insurance 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.
