An HO3 policy typically covers your home, other structures, and personal property for their replacement cost. Learn more about this form homeowner's insurance.
An HO3 policy is the most common homeowners insurance policy, protecting you, your family, and your property against various types of damages.
The difference between the two policies is how they handle insuring the structure of the home. A homeowners insurance policy – or HO3 policy – covers both the outside and inside structure of the dwelling. By contrast, condo insurance – or an HO6 policy – usually only covers the inside of the individual unit. In most cases, your condo association's insurance will cover the exterior of the building, common-use areas, and the condo building surroundings. A condo association's master policy can be one of two types – an “all-in” policy ...
For homeowners looking for premium homeowners insurance, an HO5 policy typically provides the most protection and highest coverage limits.
Homeowners insurance is a package policy. This means that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. This includes damage caused by household pets. Damage caused by most disasters is covered but there are exceptions. Standard homeowners policies do not cover flooding, earthquakes or poor maintenance. Flood coverage is provided by the federal government’s National Flood Insurance Program, although it is purchased from an ins ...
An HO-3 insurance policy protects homeowners against property damage, legal liability, and other costs associated with unexpected disasters.
Protect your most valuable asset: your home. Kin offers homeowners insurance in Daytona Beach, Florida, for as little as $876 / year on average.
Perils, Basic HO-1*+, Broad HO-2*, Modified Coverage HO-8 ; 1. Fire or lightning, x, x, x ; 2. Windstorm or hail, x, x, x
Homeowners insurance provides a range of coverage, depending on the policy type. Learn what is and isn’t covered by homeowners insurance and what varies by policy.
Dog owners take note: a lot of what your furry BFF does is actually covered by the liability clause in your homeowners insurance policy.