What is an HO 2 policy?

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HO2 Insurance Policy Explained The HO2 policy is a named-perils only insurance policy which means that it covers both your dwelling and personal property from damage caused by events, or perils, specifically named in your policy and nothing else. Some of the common named-perils found in an HO2 policy include: Theft. Aug 6, 2020

What is an ISO homeowners policy?

ISO HOMEOWNERS COVERAGE Individuals and families who own a private home in which they reside— This is typically a single-family dwelling, but sometimes an eligible two to four-family dwelling. A mobile home is not eligible for unendorsed coverage.

What are 2 things not covered in homeowners insurance?

Standard homeowners insurance policies typically do not include coverage for valuable jewelry, artwork, other collectibles, identity theft protection, or damage caused by an earthquake or a flood. Jul 12, 2021