What is covered under HO-5?
What is covered under HO-5?
Dwelling: HO-5 dwelling coverage protects your home’s main structure, including its exterior and interior walls, foundation and roof. Other structures: This type of coverage protects detached structures on your property, like fences, gazebos, guest houses and swimming pools. Aug 5, 2020
What’s an HO-3 policy?
An HO-3 insurance policy is a form of home insurance that protects policyholders against property damage, legal liabilities and other expenses associated with unexpected disasters befalling your home. Sep 29, 2021
Is HO6 cheaper than HO3?
The HO3 policy will usually only return you the Actual Cash Value of the items you have lost and covers your personal property on a named peril basis. … HO3 vs HO6 Homeowners Policy. HO3 HO6 Actual Cash Value Replacement Cost Value Feb 27, 2022
Is HO3 better than HO6?
HO-6 insurance are very different insurance policies. The main difference is the type of properties they cover. HO-3 insurance covers standard homes, whereas HO-6 insurance covers condos. Oct 20, 2020
What is an HO 10?
Policy Highlights. Included Coverage. Liability – Policyholders are covered if an injury occurs to someone while on their premises, or if they accidentally injure someone or damage property while they are away from the home.
