Where are most of the differences Compare between ISO HO-3 Special Form and ISO policy:

• HO-2 Broad Form?
• HO-5 Comprehensive Form?
• HO-4 Contents Broad Form?
• HO-6 Unit-Owners Form?
• HO-8 Modified Coverage Form?

The primary differences between the forms occur in Section I—Property Coverages.

What are the two differences between the HO-2 and HO-3 policy forms?

1. The HO-2 covers the dwelling building and other structures against fewer causes of loss. The causes of loss are limited to the named perils listed in the policy for Coverages A, B, and C. The list of named perils resembles the list of named perils in the HO-3 for Coverage C.

2. For the HO-2, the burden of proof shifts to the insured for losses under Coverages A and B. For coverage to apply with a named perils policy, the insured must prove that the loss was caused by a covered cause of loss.

How is the HO5 (comprehensive form) different than HO3 (special form)?

1. The HO-5 is essentially an HO-3 that has been modified to provide special-form coverage to Coverage C as well as Coverages A and B.

2. The HO-5 covers personal property for loss by any peril, subject to the exclusions that also apply to Coverages A and B.

3. The HO-5 changes coverage for personal property in the following ways:
a. Covers water damage, including flood, for personal property away from the premises.
h. Coverage does apply to personal property damaged by rain through an open window, door, or roof opening even if thebuilding itself is not damaged.
c. The special limits of 1,500 for jewelry and furs, 2,500 for firearms, and 2,500 for silverware also apply not only to
theft, but also to the perils of misplacing or losing the items.

1. It is often referred to as
a “tenant homeowners policy” or a “renters policy,” ...it's designed  for those who live in a rented house or apartment.

One thing to know about the HO-6 Unit-Owners Form (HO 00 06)  is:

HO-6 Unit-Owners Form (HO 00 06) is a homeowners policy tailored to cover the exposures faced by people who own a condominium unit or a cooperative unit.

The HO-6 differs from the HO-3 in the following  crucial ways:

(There are 9 total differences, but only a few are listed).

 1. Coverages in coverage A are for 'the unit' only and have a $5k limit.

2. Coverage B is eliminated.

3. Coverage C limit is selected by the insured.

4. Coverage D is 50% of Coverage C.

5. Section I is 'replacement cost' but repairs m/b made in reasonable time frame.

One thing to know about the HO-8 Modified Coverage Form (HO 00 08) is:

HO-8 Modified Coverage Form (HO 00 08) is designed for use in cases in which the replacement cost of an owner-occupied dwelling significantly exceeds its market value.

The HO-8 differs from the HO-3 in the following ways:

 1. Repairs use functionally equivalent materials. No antique materials.
2. If no repairs, then limit d/n exceed mkt value at time of loss.

3. Section I losses are covered for limited named perils.

4. Theft limit is $1k.

5. The HO-8 does not include the additional coverages of collapse,
landlord’s furnishings, ordinance or law, and grave markers.

1. Scheduled Personal Property Endorsement (HO 04 61) is used to provide coverage for insureds who own jewelry, furs, or other eligible property for which an unendorsed homeowners policy might not provide adequate protection.

2. Scheduled Personal Property Endorsement (with agreed value loss settlement) (HO 04 60) provides agreed value coverage on all scheduled property items.

Endorsements that modify Section I—Property Coverages.  HO2,4,5,6 & 8

 Seven endorsements that increase limits:

1. Other Structures—Increased Limits Endorsement (HO 04 48)

2. Increased Limit on Personal Property in Other Residences Endorsement (HO 04 50).

3, Coverage C Increased Special Limits of Liability Endorsement
(HO 04 65 or HO 04 66).

4. Increased Limit on Business Property Endorsement (HO 04 12).

5. Credit card, fund transfer card or access device, forgery, and counterfeit money coverage (HO 04 53).

6. Ordinance or Law—Increased Amount of Coverage Endorsement (HO 04 77).

7. Inflation Guard Endorsement (HO 04 46) gradually increases.

Endorsements that modify Section I—Property Coverages.  HO2,4,5,6 & 8.

Two Endorsements that change the valuation approach:

1. Additional Limits of Liability for Coverages A, B, C, and D Endorsement (HO 04 11).

2. Personal Property Replacement Cost Loss Settlement Endorsement (HO 04 90).

Endorsements that modify Section I—Property Coverages:  HO2,4,5,6 & 8.

Four endorsements that add coverage for more perils:

1. Special Computer Coverage Endorsement (HO 04 14) provides special-form coverage for computers and computer equipment.

2. Special-Form Contents Coverage Endorsements (HO 05 24 or HO 17 31) can be used to modify homeowners forms other than the HO-5 to provide contents coverage similar to that of the HO-5.

3. Earthquake Endorsement (HO 04 54) provides coverage for damage caused by earthquake and land shock waves caused by volcanic eruption.

4. Water Back-Up and Sump Discharge or Overflow Endorsement (HO 04 95) provides coverage up to $5,000.

Endorsements that modify Section II—Liability Coverage:

Six endorsements that modify forms (HO2, HO4, HO5, HO6, HO8).

A. Personal Injury Endorsement (HO 24 82) adds an additional liability insuring agreement expanding the homeowners policy.

B. Business Pursuits Endorsement (HO 24 71) can be added to any
homeowners form to extend Section II liability coverage to a
person and business listed on the endorsement.

C. Additional Residence Rented to Others Endorsement (HO 24 70) extends Coverages E and F to one- to four-family residences that
are owned by the insured and rented to others.

D. Incidental Low-Power Recreational Vehicles Endorsement (HO 24 13) extends Coverages E and F to cover RVs.

E. Owned Snowmobile Endorsement (HO 24 64) extends Coverages
E and F to scheduled snowmobiles while they are off an insured location.

F Watercraft Endorsement (HO 24 75) extends Coverages E and F
to an otherwise excluded watercraft.

Endorsements that modify Sections I and II:

Five endorsements that modify forms HO2, HO3, HO5, HO6 and HO8.

A. Endorsements (three of 'em) dealing with who is insured.

B. Endorsements (three of 'em) providing business-related coverage.

C. Loss Assessment Coverage Endorsement (HO 04 35) provides
higher limit for this coverage under both Sections I and II.

D. Endorsements (three of 'em) for use with condominiums.