HO-3 Policy
Insurance Glossary
The most widely issued homeowners insurance form, covering the house on an open perils basis and personal belongings on a named perils basis. That split means damage to the structure is covered unless the policy excludes the cause, while belongings are covered only for causes specifically listed. Insurers may use the standard industry form or their own version of it, so exact wording and the list of covered perils vary.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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