What Is Insurance Form Ho 31

Most unit owners are legally responsible for insuring much more than that.

What is insurance form ho 31. Please read it carefully. An ho 3 offers open peril coverage for the structure of your home this means your policy will help pay for repairs if your home. As a homeowner you have a few choices when it comes to the type of coverage and policy forms you may want. Also known as an ho 6 insurance policy condo insurance protects condo units while also providing both personal liability coverage and living expense coverage if a condo becomes uninhabitable ho 6 policies are also called walls in coverage because they protect your individual unit while your condo association s master policy covers the building s common areas.

Unit owners coverage a special coverage form ho 6 only for an additional premium the losses we. Form ho 00 06 only for an additional premium the perils insured against under coverage c are deleted and replaced by those shown below. Endorsement option ho 17 34 10 00 unit owners modified other insurance and service agreement condition form ho 00 06 only section i conditions f. Insurance services office inc 1990 ho 17 31 04 91 4 aircraft vehicles vandalism and mali cious mischief earthquake or volcanic.

A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation. Least expensive alternative treatment leat. Other insurance and service agreement. Typically the coverage a structural coverage under the ho 6 policy is just 1 000.

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. Ho 32 03 07 12 this endorsement changes the policy. Please read it carefully. 5 caused by constant or repeated seepage or leakage of water or the presence or condensation of humidity moisture or va por over a period of weeks months or years unless such seepage or leakage of.

Coverage a dwelling and coverage b other structures paragraph 2 c 5 is deleted and replaced by the following. For starters the perils covered are the equivalent of a homeowners form 2 named perils on building and contents. In form ho 00 03. The same property covered by this policy this insurance will be excess over the amount recoverable under such other insurance or service agreement.

Homeowners policy special form 3 ho 3 part of the insurance services office inc. This coverage is provided with the.