Homeowners Insurance Coverages
HO-2
HO-3
HO-4
HO-5
HO-6
HO-8
Each form includes:
Section I (property)
Section II (liability)
HO-2 (Broad Form)
This form provides named perils coverage for the dwelling (Coverage A), other structures (Coverage B), and personal property (Coverage C).
The 16 named perils are:
Fire or lightning
Windstorm or hail
Explosion
Riot or civil commotion
Aircraft
Vehicles
Smo
HO-3 (Special Form)
In the Special Form (HO-3), the dwelling and other structures (Coverages A and B) are insured on an open perils basis, meaning all perils are insured if they aren't specifically excluded in the policy. Losses to the dwelling and other structures are value
HO-4 (Contents Broad Form)
The Contents Broad Form is also known as the renter's or tenant homeowners policy. It doesn't provide any coverage for the dwelling or other structures because it's designed to insure those who are tenants. The HO-4 insures personal property under Coverag
HO-5 (Comprehensive Form)
The Comprehensive Form provides the broadest coverage of any of the homeowners forms. Coverages A - Dwelling, Coverage B - Other Structures, and Coverage C - Personal Property provide insurance on an open perils basis.
HO-6 (Unit-Owners Form)
The Unit-owners Form provides named perils coverage to the owner of a condominium or cooperative unit under Coverage A - Dwelling and Coverage C - Personal Property. Coverage B does not appear in this form; however, if the owners of condominiums or cooper
HO-8 (Modified Form)
The Modified Coverage Form is used to insure older homes when the replacement and market values of the dwelling are disproportionate or if a moral hazard would be created if insurance were written at 100% of replacement cost. An example of dwelling that w
Section I
Coverage A (dwelling)
Coverage B (other structures)
Coverage C (personal property)
Coverage D (loss of use)
Section I Exclusions
Ordinance or law
Earth movement
water damage
Power Failure
Neglect
War
Nuclear Hazard
Intentional Loss
Governmental Action
Section I Endorsments
Mobile Home Insurance
Other Structures on the Residence Premises - Increased Limits
Water Back Up and Sump Discharge or Overflow
Personal Property Replacement Cost Endorsement
Scheduled Personal Property Endorsement
Earthquake Endorsement
Limited Fungi, W
Section II
Coverage E (personal liability)
Coverage F (medical payments to others)
Section II Additional Coverages
Claim Expenses
First Aid Expenses
Damage to property of others
Loss assessment
Section II Exclusions
Motor Vehicle Liability
Aircraft Liability
Hovercraft Liability
Coverage D (loss of use)
1. Additional living expenses
2. Fair rental value
3. Civil authority prohibits use
Coverage E - Personal Liability
Insurance is provided for claims made and suits brought against an insured because of bodily injury or property damage caused by an occurrence for which the insurance applies.
Coverage F - Medical Payments to Others
The policy will pay necessary medical expenses that are incurred or medically ascertained within 3 years from the date of an accident causing bodily injury. Legal liability, negligence, and fault do not trigger this coverage. Medical payments to others is
Section II - conditions
Limit of Liability
Severability of Insurance
Duties After Occurrence
Duties of an Injured Person - Coverage F - Medical Payments to Others
This condition applies to third party claimants who are pursuing coverage under the policy. The injured person, or s
Section II - endorsments
Home Day Care Endorsement
Personal Injury Endorsement
Home Business Endorsement
Watercraft Liability Endorsement
Limited Fungi, Wet or Dry Rot, or Bacteria Coverage Endorsement
Permitted Incidental Occupancies Endorsement
Business Pursuits Endorsement