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Lenox Park
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HO6 Condominium Insurances Policies
Posted on Sep 1st, 2013

It is suggested that as a resident living in Lenox Park you might want to make sure you are covered under an insurance policy labeled HO6. CHECK WITH YOU OWN INSURANCE AGENT TO BE SURE YOU ARE COVERED CORRECTLY.

For your information:
HO6 – Condominium Unit Owners Form
This form of insurance is 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.

BE SURE YOU DO NOT HAVE……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 YOUR OWN INSURANCE AGENT TO BE SURE YOU ARE COVERED CORRECTLY.