Policy The most prevalent type of homeowners insurance, HO-3 covers all risks except those named in the policy.
The premiums for various types of homeowners insurance, such as the HO-1, HO-2, and HO-3 policies, vary depending on the level of coverage they provide.
A HO-3 property holders insurance contract incorporates six unique inclusion segments:
Dwelling: protects your home and any other structures: protects personal property, such as a garage or shed, from damage on your property.
covers damage to personal belongings like appliances, furniture, and electronics. Loss of use:
covers your living costs in the event that your home becomes temporarily inhabitable. Personal liability:
In the event that someone is injured on your property and sues you, this policy will cover your financial losses. covers the cost of medical care if someone gets hurt on your property.
