What is the difference between an HO-2 and an HO-3?
An HO-2 policy puts The burden of proof is yours to prove that your loss was caused by one of the named perils. The HO-3, on the other hand, is what is called an "open" perils policy. Everything is covered except what is specifically excluded. For example - earth movement, flood, nuclear hazard, and war are excluded.
What is HO2 and HO3 insurance?
An HO2 policy is another basic homeowners insurance policy. It covers the 10 perils listed on an HO1 policy, and some additional perils, including falling objects, and weight of snow, sleet, or ice. In total, it covers 16 perils. The HO2 provides more protection than the HO1, but not as much as an HO3.
What is HO1 and HO2?
HO4 policies, more commonly known as renters insurance, are for people who rent rather than own their homes. Renters insurance policies typically cover all the same dangers as HO2 policies. These policies include personal property coverage and liability coverage, but don't cover the physical structure of the house.
[PDF] HO1 HO2 HO3
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[PDF] HOMEOWNERS 2 – BROAD FORM
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[PDF] Your Guide to Homeowners Insurance – For Michigan Consumers
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[PDF] COVERAGE COMPARISON
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[PDF] Texas Homeowners Policies
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[PDF] Homeowners Insurance Guide LDI
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[PDF] Homeowner Coverage Forms - Colonial Claims
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[PDF] BROAD FORM
BROAD FORM www glmutual com/docs/AAIS/HO 200002 pdf Perils Insured Against -- Coverages A B C And D leased to an "insured" under a contract or an to which this insurance applies on
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