Search results
Results from the WOW.Com Content Network
Key takeaways. An HO-2 policy is a type of homeowners insurance that only covers damages caused by perils specifically named in your policy. An HO-2 typically covers 16 named perils, including ...
If and when a peril occurs and causes damage to your property, you may file a claim with your home insurance provider to help cover the repairs. A standard homeowners insurance policy lists the ...
Your home insurance might cover mold damage resulting from a covered peril. For example, a tree branch breaks a window in your home during a rainstorm, causing water to soak your floors and walls.
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
The difference with "special form" policies is that they cover all losses unless specifically excluded. Unlike the prior forms, all unlisted perils are covered perils. However, if something happens to the home, and the event is on the exclusions list, the policy will not provide coverage. Special-form excluded perils: Ordinance of law ...
An HO-2 is a step above the HO-1, as it covers your home and personal belongings for named perils. The most common type of homeowners insurance is the HO-3, which covers your home and detached ...
Personal property coverage: This coverage makes up a large portion of your homeowners insurance and is designed to replace your home’s contents after a covered peril, including clothing ...
What's Covered in Home Insurance, Section II Section E covers liability. This is typically for property damage or personal injuries to third parties, due to the neglect of the insured.