how does an ho3 differ from and ho8

cptgrooo

What are the basic differences with ho8 instead of ho3.

Rupert W Bradson · Posted: Sat Aug 30, 2008 10:24 am Post subject:

HO3 is the most popular form of homeowners policy written for insuring the homes. HO3 policy covers most of the perils that may damage your dwelling.

HO8 is specially designed to protect the heritage and old dwellings. It offers protection against perils like- theft, riots, volcanic eruption and so forth. Normally, you can receive the actual cash value for your damages, ie. it'll replace the damaged property after deducting the depreciation costs.

Thanks,
Rupert

Roger · Posted: Sat Aug 30, 2008 11:15 pm Post subject: Insurance Policies

HO-1: Limited coverage policy
This “bare bones” policy covers you against the first 10 disasters. It's no longer available in most states.

HO-2: Basic policy
A basic policy provides protection against all 16 disasters. There is a version of HO-2 designed for mobile homes.

HO-3: The most popular policy
This “special” policy protects your home from all perils except those specifically excluded.

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how does an ho3 differ from and ho8

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