what does an HO-7 policy cover

What does an HO-7 Policy Cover?

If you own a mobile or manufactured home, then you need a particular type of homeowner’s insurance. You need an HO-7 policy. Things like HO-1, HO-3 and HO-5 insurance policies are for homeowners, and HO-4 and HO-6 plans are for renters and condo owners, respectively. Those with mobile homes or manufactured homes are required to…
Read More
what does an HO-6 policy cover

What does an HO-6 Policy Cover?

If you own a condo, then you most likely have some kind of HO-6 insurance policy. HO-6 policies, also called condo insurance, are specifically designed for insuring single-unit condos and providing liability coverage. If you own a condo but do not have HO-6 insurance, then your condo can be at great risk. We are going…
Read More
what does an HO-4 policy cover

What does an HO-4 Policy Cover?

There are several different types of homeowner’s insurance each of which offers different levels of protection and coverage. An HO-4 homeowner’s insurance plan, also called renter’s insurance, protects a renter’s personal property and liability. If you rent a condo, apartment, townhome, or home, and have insurance, then you likely have an HO-4 policy. HO-4 insurance…
Read More
what does an HO2 policy cover

What does an HO-2 Policy Cover?

Those who own a residence need homeowner’s insurance. There are several types of homeowners insurance policies. We are going to cover HO-2 policies and talk about what kind of coverage and benefits they offer homeowners.   What Is an HO-2 Policy?   In a nutshell, an HO-2 policy plan is a tier of homeowner’s insurance…
Read More
what does an HO-5 policy cover

What does an HO-5 Policy Cover?

For most homeowners who want adequate insurance protection, an HO-3 homeowner’s insurance policy is the typical choice. HO-3 policies offer a good range of coverage for your home and possessions. However, for those who want more protection, there are HO-5 policy plans. HO-5 plans are truly comprehensive and cover both your home and possessions under…
Read More
what does an HO1 policy cover

What does an HO-1 Policy Cover?

If you are planning on buying a house, then you will most likely need to buy homeowners insurance. Given that your home is probably one of if not the single largest financial investment you will make, you want to make sure you are protected from risks like storms, injuries, theft, damage, and more.   Homeowners…
Read More
what is a dwelling policy

What are DP Insurance Policies

When it comes to homeowner’s insurance, there are two major types of policies: homeowner’s policies and dwelling policies. Homeowner’s policies are for homeowners who live in their primary residence and include plans like HO-3 and HO-5 policies. Dwelling policies, on the other hand, are for a property that is not occupied by the owner. Since…
Read More
what is a life insurance premium

What is a Life Insurance Premium

Just as the taxes we pay keep our roads paved, life insurance premiums keep us insured and our families protected. No one particularly likes paying them, but they are necessary for our overall well-being. But who determines their price? What do the insurance companies do with the premium? What if I can’t pay my premium…
Read More

What does an HO-3 Policy Cover?

An HO-3 policy is an official designation for what is known as “standards homeowners insurance.” HO-3 policies are normally the standard homeowner’s insurance plan because they offer a good mixture of coverage and benefits. We are going to cover the specifics of HO-3 policies and talk about their features, what the cover, and whether they…
Read More