Homeowners Insurance Form 2

Due to the limited coverage of an ho 1 many insurers no longer offer this type of policy form.

Homeowners insurance form 2. We cover other structures on the residence premises set apart from the dwelling by clear space. We do not cover land including land on which the dwelling is located. Homeowners insurance is designed to protect you from the things that can damage your home personal property or hurt you financially. Plus standard policies cover injuries that occur on your property and lawsuits against you such as someone suing you because they were hurt at.

However ho 3 policies only cover personal belongings in the home against the same perils covered by an ho 2 policy form. It s called a broad form because it may help cover a broader range of perils than the ho 1 basic form ho 8 this type of form helps protect older homes. There are 16 covered perils on a broad form policy. The ho 2 home insurance policy is a form that details specifically covered perils.

Iso homeowners forms portfolio insures the described dwelling private structures in connection with the dwelling unscheduled personal property on and away from the premises and loss of use. Coverage b other structures 1. This means this insurance policy will only cover any damages that are caused by the listed perils on the policy. This includes structures connected to the dwelling by only a fence utility line or similar connection.

Nevertheless some insurance companies offer unique ho 2 policies which include liability and personal property coverage. Ho 2 is sometimes called the broad form. Most homeowners policies are written on standardized forms these forms make it easier for states to regulate insurance. Sometimes called an extended or special homeowners insurance policy form the ho 3 covers almost any peril except those specifically excluded such as earthquake flood landslide or mudslide nuclear accident and sinkholes.

Ho 2 an ho 2 or broad form also provides limited coverage. 2 ho 2 refers to homeowners insurance that provides protection over the dwelling and other structures whether attached or detached and personal property in the home against 16 named perils. Ho 2 designates a broad form homeowners insurance policy that provides insurance coverage on a named peril basis. Ho 2 is also referred to as a broad form because it offers more coverage than ho 1.

We do not cover. It covers wind hail damage fires lightning theft and more. Homeowner s insurance 2 in addition to your home ensure you can repair or replace your home and the items you value that aren t permanently attached to your home or your property. Ho2 is simply one of those forms.