A little Homeowner's Insurance 101

Services for Real Estate Pros Insurance NPN # 13379201

An HO-3 policy is often called a "broad-risk form," because it covers everything except the exclusions outlined in the policy. It's what the majority of homeowners have.


The standard HO-3 policy contains a number of exclusions, including:

  • Freezing of pipes in an unoccupied, vacant or under-construction building.


  • Freezing, thawing, pressure or weight of water or ice to a fence, pavement, patio, swimming pool or dock.


  • Theft from a building that's under construction.


  • Vandalism and malicious mischief if the building has been vacant for more than 30 days.


  • Wear and tear on the home including deterioration; insect and rodent infestation; settling, cracking, bulging or expansion of pavement, walls or foundations; or damage from domestic animals.


  • Flooding.


  • Earthquake.


  • Structures used for a business.


  • Intentional damage.


  • War.


  • Nuclear accident.


  • Cars, trucks, vans, motorcycles, aircraft and boats with anything more than a small motor.


  • Property belonging to tenants.


  • Animals, birds, and fish.


  • Losses resulting from the failure to protect property after a loss
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Comments (3)

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
Okay ~~  Now what DOES it cover?  I am always confused because there are so many exclusions, it is difficult to determine what is covered.
Aug 11, 2007 01:28 AM
David Cole
David Cole CPA - Orlando, FL
David Cole CPA

Frank- Great information, thank you for sharing. make it a great day!

Apr 27, 2012 07:49 PM
Insurance Solutions Unlimited,LLC
Insurance Solutions Unlimited, LLC - Winter Haven, FL
Insurance Solutions Unlimited,LLC

Insurance is an important piece that should not be overlooked or taken lightly

Apr 27, 2012 07:55 PM