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HO-3 Policy

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

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

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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.

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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

    Fire or Smoke

  • Windstorm or Hail

    Windstorm or Hail

  • Theft

    Theft

  • Vandalism

    Vandalism

  • Water

    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.