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Condominium Insurances Policies
Posted on Oct 13th, 2017

For your information:

 HO6 – Condominium Unit Owners Form

The form for condominium owners. It insures your personal property, your walls, floors and ceiling against all of the perils in the Broad Form. An HO-6 policy is a generic term used to describe a basic condo policy. The ISO (insurance service organization) created standard policy forms for each basic type of policy.

HO3 – Special Form Homeowner Policy

The typical, most comprehensive form used for single-family homes. The policy provides "all risk" coverage on the home with some perils excluded, such as earthquake and flood. Contents are covered on a named peril basis. (Note: "All Risk" is poorly termed as it is essentially named exclusions (ie, if it is not specifically excluded, it is covered)) An HO-3 policy, also known as a broad form policy, is designed to cover single-family homes. A home must typically be a standalone residence that is not attached to living space owned.

CHECK WITH YOU OWN INSURANCE AGENT TO BE SURE YOU ARE COVERED CORRECTLY.