HOMEOWNER'S POLICY COMPARISON
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| Coverages | HO-A | HO-B | ISO HO-3 |
Type of Coverage |
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| Dwelling | Named Perils | ALL risks | ALL risk |
| Personal Property | Named Perils | Named Perils | Named Perils |
Water Damage |
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| Sudden and Accidental leaking from plumbing, heating, air conditioning | NO | YES | YES |
| Continuous or Repeated leakage from plumbing, heating, air conditioning | NO | YES | NO but coverage can be added by endorsement |
| Rain through faulty roof, windows, doors | NO | YES dwelling and other structures only | YES dwelling and other structures only |
| Backup of sewers/drains | NO | YES |
NO but coverage can be added by endorsement |
| Freezing of plumbing or heating system | NO | YES certain precautions must be taken by insured if property is unoccupied | YES certain precautions must be taken by insured if property is unoccupied |
| Flood/Surface water | NO | NO | NO |
Mold |
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| Mold, Fungi or Other Microbes | LIMITED to damage resulting from covered perils named in the policy. |
YES Only if the mold is on property physically damaged by
sudden and accidental water or steam. This includes hidden
and concealed damage that is reported within 30 days of
detection. |
YES Only if the mold is on property physically damaged by
sudden and accidental water or steam. This includes hidden
and concealed damage that is reported within 30 days of
detection. |
| Cost of Testing, Remediation, and Living Expenses due to Mold, Fungi or Other Microbes |
NO but an endorsement must be offered to provide
coverage up to the policy limits for these costs.
PLEASE NOTE: This additional mold coverage applies
ONLY to those perils named in the base policy: |
NO endorsement must be offered to provide coverage
up to the policy limits for these costs.
PLEASE NOTE: While the base policy does not cover the cost of testing, remediation, and living expenses due to mold, fungi or other microbes, it does provide some basic but limited mold coverage (see coverage description under Mold, Fungi or Other Microbes for further explanation) |
NO but an endorsement must be offered to provide
coverage in varying amounts up to policy limits. PLEASE NOTE: While the base policy does not cover the cost of testing, remediation, and living expenses due to mold, fungi or other microbes, it does provide some basic but limited mold coverage (see above for further explanation) |
Other Perils Covered |
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| Damage to Foundation/Slab | NO | YES If damage results from a covered water leak |
NO but an endorsement can be added for coverage of 15% of
dwelling policy limit |
| Falling Objects, including Trees | NO | YES | YES |
| Weight of Ice, Snow and Sleet | NO | YES | YES |
| Collapse | NO | YES unless caused by earth movement | YES unless caused by earth movement |
| Damage by Animals | NO | YES unless owned or kept by insured or occupant | NO |
| Glass Breakage -Dwelling applies to glass that is part of the building | NO | YES | YES |
| Damage by Vehicles | YES unless vehicle is owned or operated by occupant | YES | YES |
| Damage resulting from Deterioration | NO | YES Damage resulting from deterioration is covered. Damage consisting of deterioration is not covered | YES damage resulting from deterioration is covered. Damage consisting of deterioration is not covered. |
| Damage resulting from Construction Defects | NO | YES Damage resulting from construction defect is covered. Damage consisting of the construction defect is not covered | YES damage resulting from construction defects is covered. Damage consisting of construction defects is not covered. |
| 3rd Party Bodily Injury /Property Damage Liability resulting from Mold, Fungi or Other Microbes | NO | YES | YES |
| Additional Living Expenses (ALE) for perils other than mold | 10% of the dwelling limit | 20% of the dwelling limit of liability | Amount scheduled on declaration (ISO manual rule provides for 30% of dwelling limit) |
Claims Settlement |
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| Dwelling | Actual Cash Value | Replacement Cost | Replacement Cost |
| Personal Property | Actual Cash Value | Actual Cash Value Replacement cost can be added by endorsement |
Replacement Cost
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