Below are 9 types of homeowners insurance policies offered by insurance carriers today. Call us Monday-Friday from 8:30am-4:30pm to further discuss these forms and any questions you may have or send an email to kbrekne@brcinsurance.com at your convenience. We look forward to hearing from you and would appreciate the opportunity to provide you with a free, non-obligatory quote!
HO-1 - Basic Form
HO-2 - Broad Form
The broad form provides a little more coverage compared to the basic form. You are insured for the above perils in addition to the following perils ONLY:
HO-3 - Special Form
HO-4 - Tenant Form
HO-5 - Comprehensive Form
HO-6 - Condo & Co-Op Form
Some insurance carriers (ex. Travelers Insurance) will write a co-op on the HO-9 Form, which is similar to the HO-6.
HO-7 - Mobile Home Form
HO-8 - Modified Homeowner Form
The modified homeowner form is intended for older homes who have suffered depreciation. Historical or architectural features may make the home more expensive than its market cost. These policies are written on an actual cash value (ACV) basis, meaning depreciation is taken into consideration.
**Please be advised, these are just brief descriptions and all losses are subject to a claims adjuster's review. In addition, policy forms can vary (different editions, etc.) - it is important to understand your specific policy form, endorsement and exclusions.**