What is the difference between Ho-3 and Ho-2 homeowners insurance?

4. An HO-2 policy, also known as a broad form policy, is homeowners insurance that contains more coverage than the most basic of policy forms but less coverage than a standard HO-3 policy. An HO-2 provides coverage for your home and personal property against 16 named perils listed in the policy form.

What is an Ho-2 insurance policy?

An HO-2 policy is a form of homeowners insurance that provides less coverage than a standard homeowners insurance policy. This policy type has been all but phased out of the marketplace. Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money. 1.

What does Ho 2 cover?

Damage from falling objects is covered, as is water damage from an accidental overflow of plumbing; heating, ventilation and air conditioning (HVAC); or household appliances. Like the HO-1, the HO-2 covers only the perils specifically named — no others. The HO-2 also covers personal property in the home.