What does HO-3 mean? Read on to discover the definition & meaning of the term HO-3 - to help you better understand the language used in insurance policies.
Form No. 3 (HO-3) is a type of home insurance policy that provides coverage over the home and structures both attached and detached against loss or damage caused by all perils, except those specifically excluded in the contract. HO-3 also covers personal belongings inside the primary residence, but only against named perils.
We hope the you have a better understanding of the meaning of HO-3.