Homeowners Insurance Types

HO-7 (Mobile Home Form) Example

• Jane owns a single-family home and purchases an HO-7 policy.

• Jane owns a double-wide manufactured home and purchases an HO-7 policy.

• Jane owns a condo and purchases an HO-7 policy.

• Jane owns a mobile home and purchases a standard homeowners policy.

HO-7 (Mobile Home Form) Definition

• A type of homeowners insurance specifically designed for mobile homes, manufactured homes, and other factory-built homes, similar to an HO-3 policy but tailored for mobile homes.

• A standard homeowners insurance policy that covers all types of residential properties.

• A type of insurance that only covers the contents of a mobile home, not the structure itself.

• A policy that provides coverage for mobile homes only in case of natural disasters.

HO-2 Additional Perils

• Protection from weight of ice, snow, or sleet

• Coverage for theft of personal property

• Protection against fire damage

• Coverage for flood damage

HO-2 (Broad Form) Example

• If a tree falls on your house during a storm, an HO-2 policy would cover the damage.

• If a flood damages your basement, an HO-2 policy would cover the damage.

• If a fire destroys your garage, an HO-2 policy would cover the damage.

• If a neighbor's tree falls on your car, an HO-2 policy would cover the damage.

HO-8 (Modified Coverage Form) Example

• Covers repairs to a historic home with unique architectural features.

• Covers standard home repairs for modern houses.

• Covers only the interior of a home.

• Covers repairs for homes built after 2000.

HO-2 Policy Coverage

• Covers physical structure of your home, unattached structures, personal property, additional living expenses, liability, and medical payments to others.

• Covers only the physical structure of your home and personal property.

• Covers only liability and medical payments to others.

• Covers only additional living expenses and unattached structures.

HO-3 (Special Form) Example

• Covers damage from a fire but may exclude damage from floods.

• Covers all types of water damage including floods.

• Covers only theft and vandalism.

• Covers damage from earthquakes and landslides.

HO-4 (Contents Broad Form) Example

• HO-4 covers personal liability in case of injury to others.

• HO-4 would cover the stolen items if your rented apartment is burglarized.

• HO-4 provides coverage for structural damage to the building.

• HO-4 is only applicable for homeowners, not renters.

HO-4 (Contents Broad Form) Definition

• A type of insurance for homeowners

• Also known as renters' insurance, it covers personal property and liability for tenants.

• A policy that covers only liability for landlords

• Insurance that covers commercial properties

HO-2 (Broad Form) Definition

• Provides coverage for a broader range of perils than HO-1, including damage from fire, lightning, windstorm, hail, explosion, and more.

• Covers only damage from fire and theft.

• Offers no coverage for natural disasters.

• Includes coverage for personal liability only.