HO-3 Insurance Quotes

Ho3 is also known as homeowners insurance and is the most popular type of home insurance in the U.S. In general, HO3 insurance policies offer a great level of cover, but not all homeowners insurance policies are the same. HO-3 insurance policies cover your dwelling, contents/belongings, and personal liability.

Here are the common questions asked when thinking about homeowners insurance:

Do I need HO-3 insurance?

You might not be legally required to have HO-3 insurance but it provides financial protection should your home’s structure get damaged by fire or other accidents, and the loss or theft of your personal belongings. If you have a mortgage or loan on the property your bank or financial institution may require a HO-3 policy to protect from any loss before the loan has been fully repaid.

What is a HO-3 homeowners policy?

A homeowners insurance (HO-3) policy is an insurance plan that covers your home’s structure, your personal items, and personal liability in the event of damage, loss, or injury. Most HO-3 policies will also cover additional living expenses and protection for other structures on your property, often referred to as a “special form” policy, it is bought for standard, one-off homes rather than homes like duplexes or condos. There are separate insurance policies for these other home types.

What does a typical HO-3 policy cover?

A standard HO-3 insurance policy covers your home structure, belongings, and personal liability. You may also be protected for additional living expenses should you need to stay in hotels or another home while your home is being repaired.

Most insurance carriers have different plans and additional coverage that you can purchase such as smart home installations or video maintenance calls. Hippo, for example, offers discounts for installing protective smart home devices throughout your home.

Dwelling Insurance

Dwelling insurance covers damage to your home’s structure, as well as any additional structures like garages or sheds on your property.

Some insurance exclusions for dwellings could include floods, earthquakes, mudslides, and government seizures. If your home is located in a flood-prone area or a known earthquake zone, it could be worth looking at any additional protection to cover these specific disasters.

Personal Property

Most HO-3 insurance policies will include a level of protection for your personal belongings. This level of cover helps protect your personal belongings in the event of damage, theft, or loss. You can list specific items of value like jewelry or art to ensure they are covered. They may also be covered if the damage occurs away from your home, so read the terms of each plan carefully before you buy. If you’re not sure what’s covered, call our licensed agents and ask them for further information.

HO-3 Liability Insurance

Personal liability coverage is included in the majority of HO-3 policies. This coverage means you will be financially protected if “bodily injury” or “property damage” occurs in your home or on your property. This can include coverage for medical expenses, lost wages, death benefits, and legal fees. There are exceptions in most cases. For example, if you or someone else caused these injuries intentionally, your liability insurance would not cover any of the mentioned expenses.

How do you find the cheapest HO3 insurance quotes?

Buying the cheapest HO3 insurance policy may seem like the smart thing to do, but it might not have the full protection you would like. If you want the cheapest HO-3 quote, don’t list any specific items like jewelry as these can increase the cost of your premium. You can use one of the online insurance comparison websites like us - Coverzoo, or call an agent to get a quote over the phone. Compare HO3 quotes and levels of cover before you purchase.

We’ve mentioned Hippo Insurance in this post and they claim that policyholders can save up to 25% when compared to traditional home insurance providers. We get you free quotes from Hippo, MetLife, Nationwide, Travelers, and many more top HO-3 insurance carriers to compare in less than five minutes.

To get a homeowners insurance quote online or by phone, click either button below to see if we can save you money on your insurance premium.