The HO-3, or ‘Special Form,’ remains the most popular homeowners insurance policy in America. It is a hybrid policy that provides ‘Open Peril’ coverage for the dwelling (meaning everything is covered unless specifically excluded) and ‘Named Peril’ coverage for your personal belongings. This structure offers a high level of protection for your home’s structure while keeping premiums manageable. It is the minimum standard required by most mortgage lenders for single-family homes.
HO-3
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