What is an Ho-3 home insurance form?

Also called a homeowners policy special form, an HO-3 policy is the most common type of home insurance form on the market. What separates an HO-3 from policies with more limited coverage — such as HO-1 and HO-2 policies — is that your dwelling is covered against all perils, unless they are specifically listed as exclusions.

What is the difference between HO-6 and Ho-3 insurance?

An HO-6 policy applies to condo owners. HO-3 insurance is a package policy that covers your home, other structures on your property, your personal property, personal liability and loss of use. An HO-3 insurance policy is the standard type of homeowners insurance coverage.

Do I need an Ho-3 insurance policy?

Insurance agents typically suggest that homeowners purchase, at minimum, an HO-3 homeowners policy. The reason for this is that an HO-3 insurance policy will provide coverage for your property against all risks, except those explicitly excluded in the policy documents. What Is an HO-3 Insurance Policy?