Yes. A person that owns a home will buy a different policy from someone that rents or owns a condo.
Posted: Tue Jun 15, 2010 08:52 pm Post Subject:
Homeowners can choose from an HO1, HO2, and a HO3. HO1 is the least amount of coverage. HO3 is referred to as an “All Risk” policy, but don’t be mistaken, no insurance policy covers everything. All Risk simply means everything covered unless it is specifically excluded. Therefore, on this type of policy, you’ll want to pay particular attention to the perils that are excluded.
Posted: Tue Jun 15, 2010 08:54 pm Post Subject:
In Texas, the most common policies offered are an HOA, HOA+, and an HOB, although companies can refer to their policy by a different name.
Posted: Tue Jun 15, 2010 08:50 pm Post Subject:
Yes. A person that owns a home will buy a different policy from someone that rents or owns a condo.
Posted: Tue Jun 15, 2010 08:52 pm Post Subject:
Homeowners can choose from an HO1, HO2, and a HO3. HO1 is the least amount of coverage. HO3 is referred to as an “All Risk” policy, but don’t be mistaken, no insurance policy covers everything. All Risk simply means everything covered unless it is specifically excluded. Therefore, on this type of policy, you’ll want to pay particular attention to the perils that are excluded.
Posted: Tue Jun 15, 2010 08:54 pm Post Subject:
In Texas, the most common policies offered are an HOA, HOA+, and an HOB, although companies can refer to their policy by a different name.
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