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Is an HO-5 policy more expensive than an HO-3 policy? Generally, yes. HO-5 policies are usually more expensive than HO-3 policies because they offer broader coverage for your personal property.
Because of its high level of protection, an HO-5 policy is usually more expensive than a standard HO-3. Learn more: HO-5 insurance. HO–6. HO-6 insurance is specifically for condo owners. It ...
HO-3 policies: These are the most common homeowners insurance policy type and include all the basic coverage types. The key difference between HO-3 and HO-2 policies is that an HO-3 policy covers ...
The most basic home insurance policy is an HO-1, which provides coverage on the structure of your home. An HO-2 is a step above the HO-1, as it covers your home and personal belongings for named ...
HO-3 home insurance policies cover your dwelling and other structures on your property under open perils coverage, and HO-5 policies cover both your home and personal property for open perils.
An HO-3 policy will also usually provide coverage for any damage to the internal and external structure of the house or other buildings on the property. An HO-6 policy provides similar types of ...
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