What does Homeowners Policy Broad Form 2 mean? Read on to discover the definition & meaning of the term Homeowners Policy Broad Form 2 - to help you better understand the language used in insurance policies.
Homeowners Policy Broad Form 2
Part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio, insures the described dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use. The policy also provides personal liability coverage and medical payments to others coverage. It is a broad named perils form, but the list of covered perils is more extensive than that of HO 1.
We hope the you have a better understanding of the meaning of Homeowners Policy Broad Form 2.