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HO-2 vs HO-3
- covers fewer causes of loss (limited to named perils)
- only differs in Section I perils
- burden of proof: with HO-2 burden is on insured to prove loss is covered; with HO-3 it's assumed covered unless insurer can prove otherwise
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HO-5 vs HO-3
- HO-5 is essentially HO-3 modified to provide Coverage C (personal property) by any peril not excluded
- broader: covers personal property damage due to flood or rain entering by open window, even if no damage to the building
- special limits extended: ($1,500 jewelry and fur, $2,500 firearm, $2,500 silverware) also applies to items misplaced or lost
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HO-4 vs HO-3
- designed specifically for renters
- essentially HO-3 w/o Coverages A and B
- Coverage C limit is chosen (instead of 50% of A)
- Coverage D = 30% of C (instead of 30% of A)
- additional coverage for building additions and alteration, limit = 10% of C
- excludes furnishings provided by landlord
- ordinance or law is 10% of alteration instead of 10% of A
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HO-6 vs HO-3
- tailored for condo owners
- HO-6 definition of residence is the unit where insured lives
- Coverage A includes alteration and appliances, real property exclusive to unit owner, storage shed or garage
- Coverage A limit is typically $5,000
- no Coverage B (other structures are included in Coverage A)
- Coverage C limit is chosen
- Coverage D is 50% of C instead of 30% of A
- based on named perils like HO-2
- trees, shrub plants = 10% of C instead of 5% of A
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HO-8 vs HO-3
designed for use where replacement cost exceeds its market value
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