What does HO-1 mean? Read on to discover the definition & meaning of the term HO-1 - to help you better understand the language used in insurance policies.
Form No. 1 (HO-1) refers to the most basic homeowners insurance policy. It covers damage to the house and property inside from 10 named perils. Most states no longer offer this type of insurance due to its limited coverage.
We hope the you have a better understanding of the meaning of HO-1.