There are two basic types of home insurance policies. HO-1 and HO-2 are bare bones policies that cover your house and possessions. The endorsement for HO-3 covers renters. Both HO-1 as well as HO-2 are designed for single-family homes. HO-3 policies are the most common type of policy in the United States, and HO-2 with endorsement is the most popular form of the policy in the U.S.
HO-3 homeowners insurance policies provide coverage for your home and personal belongings. HO-3 policies also protect your personal liability, including legal expenses. HO-4 policies are geared toward renters and only cover your possessions. They provide replacement cost coverage for your possessions, as well as covering your living expenses and personal liability. They do not cover damage from natural disasters and earthquakes.
HO-4 and HO-3 policies provide more comprehensive coverage. HO-3 policies protect against damage caused by the named perils. HO-4 and HO-3 cover personal property, which you can add to the existing coverage on your home. Personal liability is also covered by HO-4 policies. HO-6 and a specialized type of HO-3 policies are designed for renters. These policies cover additional living expenses and protect your possessions.
HO-4 and HO-3 homeowners insurance are two forms of homeowners insurance. HO-3 provides protection for your dwelling at replacement cost, while HO-4 protects personal property and liability. HO-4 is designed for renters only and protects the interior of the home as well as liability. The HO-7 policy covers mobile homes and the contents of the home. The HO-4 policy covers personal items, but not the contents of mobile homes.
HO-2 is the most common form of homeowners insurance, and provides coverage for all the named perils, except for earthquakes. HO-3 also provides liability coverage. HO-4 is the most common form of renter’s home insurance. It is designed for the HO-1 policyholder and does not cover personal liability. It is not designed to protect mobile homes. This policy is ideal for those who rent their home.
The HO policy is the simplest form of home insurance. It covers the structure of the home as well as the personal belongings of the renter. Some policies also include liability coverage. HO3 policies protect the contents of the house. In addition, HO4 policies protect the personal liability of a homeowner. It also protects the occupants in a mobile home. If you rent a home, you should purchase a HO4 policy.