Eligibility for HO Policy
Eligible resident dwellings contain 1 to 4 residential units and NO MORE than 2 ROOMERS/BOARDERS per family.
Dwellings under construction are also eligible.
HO-2 (Broad Form)
Limited Theft coverage. VMM covered.
Losses under A and B are valued on a REPLACEMENT COST BASIS and personal property is valued on ACV.
DOESN’T COVER LOSS TO FENCE, DRIVEWAY, OR WALK CAUSED BY A VEHICLE OPERATED BY THE INSURED.
HO-3 (Special Form)
Dwelling is on REPLACEMENT VALUE BASIS, and Personal Property is ACV basis
Includes losses to a fence, driveway or walk caused by a vehicle owned/operated by the insured
Theft not covered to dwelling under construction, including materials
No coverage for animals owned or kept by the insured
HO-4 (Contents Broad Form)
aka tenant policy
PP valued on ACV
HO-5 (COMPREHENSIVE Form)
Losses to dwelling are REPLACEMENT COST BASIS, PP is ACV.
HO-6 (UNIT-OWNERS Form)
aka condo form
Also insured personal property anywhere in the world.
HO-8 (Modified Form)