Iso Homeowner Insurance Form 3

Ho 3 policies are typically based off homeowners insurance policy forms written by the insurance services office iso a company that provides data and advisory services to the insurance industry.

Iso homeowner insurance form 3. Ho 3 policies are the most common because of their broad range of coverage. Since then iso has made some revisions to its form in 2011. The chart that follows compares the language of the iso ho 03 to the aais ho 0003 and. Ho 3 the ho 3 also known as a special form is the most common homeowners insurance policy form says the national association of insurance commissioners.

This form is similar to the homeowners 3 special form described herein except that building and other structures are insured on a named peril basis. The prior forms were revised in 1996. Iso homeowners forms portfolio the ho 3 insures the described owner occupied dwelling private structures in connection with the dwelling unscheduled personal property on and away from the premises and loss of use. Bodily injury means bodily harm sickness or disease including required care loss of serv ices and death that results.

And 4 motor vehicle means a motor vehicle as defined in 7. Personal liability coverage and medical payments coverage are also provided by this policy. While the form bears some similarities to the iso homeowners program there are also several differences. An ho 3 offers open peril coverage for the structure of your home.

However ho 3 policies only cover personal belongings in the home against the same perils covered by an ho 2 policy form. 1999 page 1 of 22 homeowners 3 special form agreement we will provide the insurance described in this policy in return for the premium and compliance with all applicable provisions of this policy. 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. It covers a broad scope of building damages but more limited coverage for your personal belongings.

Ho 00 03 homeowners 3 special form. 3 watercraft means a craft principally designed to be propelled on or in water by wind engine power or electric motor. Homeowners ho 00 03 10 00. Insurance services office inc 1999 page 3 of 22 deductible unless otherwise noted in this.

The american association of insurance services aais has filed a revised homeowners program with an effective date of july 2007. As a homeowner you have a few choices when it comes to the type of coverage and policy forms you may want. The ho 3 was the most popular coverage form for decades. This form is analogous to the texas homeowners policy form a with the additional extended coverage endorsement ho 170 attached.