Not exact matches
HO - 3's hazard insurance — the part of a homeowners policy that covers
damage to your home's
structure —
insures against
damage from «open perils.»
You do not have
to worry about
insuring the physical
structure of the house or condo you live in the way you would if you were a homeowner, but you do have
to take care of your things and protect them against the risk of loss or
damage.
The builder's risk policy will provide coverage for
damage done
to the
insured structure from a wide variety of events.
If a storm causes a tree
to fall and
damage your home or other
insured structure, the
damage is typically covered.
They will also pay for
damage caused
to insured structures and their contents up
to policy limits, but they won't pay
to remove trees that have fallen causing a mess in your yard.
Homeowners insurance is a package of insurance coverage that includes the home, other
structures on the
insured property, your personal belongings and liability insurance
to cover the injuries and
damages others may suffer as a result of your home and surrounding property.
A landlord policy does not cover
damages or injuries related
to a tenant's property, nor does it provide for replacement of tenant property except where that property was lost or
damaged as a result of the
insured structures or liabilities.