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HO-3 Policy

This policy provides comprehensive protection for owner-occupied homes valued at $100,000 or more.

HO-3 Policy Guidelines

  • This policy covers the policyholder's home and other structures on the property.

  • The owner must reside in the home for at least nine months out of the year for the house to be considered a primary residence.

  • The owner must reside in the home for at least three months out of the year for the house to be insured as a secondary or seasonal residence.

HO-3 Covered Perils

Covered perils include but are not limited to:

  • Fire or smoke
  • Windstorm or hail
  • Theft
  • Vandalism
  • Water

HO-3 Coverage Options

The program is intended to offer coverage to homeowners who want extensive coverage on their homes. HO-3 is available only to owner-occupied properties. A home must be occupied 9 months out of the year to be considered primary and greater than 3 months out of the year to be considered secondary/seasonal.

Coverage A

Dwelling Coverage Limits range from $100,000 to $2,400,000. Tri-County limits range from $200,000 to $2,400,000. Dwelling needs to be insured to 100% Replacement cost.

Coverage B

Dwelling Coverage Limits range from $100,000 to $2,400,000. Tri-County limits range from $200,000 to $2,400,000. Dwelling needs to be insured to 100% Replacement cost.

Coverage C

Dwelling Coverage Limits range from $100,000 to $2,400,000. Tri-County limits range from $200,000 to $2,400,000. Dwelling needs to be insured to 100% Replacement cost.

Coverage D

Loss of Use is included at 10% of Coverage A.

Coverage E

Personal Liability coverage options are offered at $10,000, $25,000, $50,000, $100,000, $300,000.

Coverage F

Medical Payments to Others coverage options are offered at $2,000 or $5,000.