HO-3 Policy
This policy provides comprehensive protection for owner-occupied homes valued at $100,000 or more.
![products_iStock-House products_iStock-House](https://cdn.pti.agency/Agency/Website/Upload/2020/08/19154919/products_iStock-House-e1597852248445.png)
This policy covers the policyholder's home and other structures on the property.
![Estefania Marin - products_3-month_shutterstock_496630285 (1) Estefania Marin - products_3-month_shutterstock_496630285 (1)](https://cdn.pti.agency/Agency/Website/Upload/2020/08/26142038/Estefania-Marin-products_3-month_shutterstock_496630285-1.png)
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.
![Estefania Marin - products_9-month_shutterstock_496630285 (2) Estefania Marin - products_9-month_shutterstock_496630285 (2)](https://cdn.pti.agency/Agency/Website/Upload/2020/08/26142042/Estefania-Marin-products_9-month_shutterstock_496630285-2.png)
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:
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Fire or Smoke
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Windstorm or Hail
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Theft
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Vandalism
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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
Other Structures options are 2%, 5%, 10%, 15%, and 20% of Coverage A. It may also be excluded.
Coverage C
Contents coverage is included at 25%, available options are 10%, 50%, or 75% of Coverage A. Excluding contents requires the insured to submit a completed PTIC E008 form.
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.