Insuring the Property
- Elementary Insurance Primer
- Replacement Value
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Getting an Appraisal
- Comparison Insurance Shopping
Homeowner's Insurance Forms
There are five types of homeowner's policies. Let's take a look at them.
HO-1: Provides only minimal basic protection. Due to its many restrictions on coverage, it is available in only a handful of states.
HO-2: Costs about 10% more than HO-1, but removes many of the restrictions imposed by an HO-1 policy.
HO-3: An all-risk policy. Costs about 25% more than HO-1, but covers everything not specifically excluded in the policy.
HO-6: Used if you are purchasing a condominium.
HO-8: Used for unique or historical structures.
NOTE: Certain states may use different HO designations.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.