Anybody heard of HO8. I’m sure it’s geared to the many homeowners who have paid off their mortgage.
HO 00 08 04 91 Modified Coverage Form
- Designed for homes where the replacement cost exceeds the market value.
- Tighter underwriting rules typically apply, as this class might present potential for heavy losses and adverse selection.
- Named perils on dwelling and contents.
This Form is better than a HO 01 and slightly less than a HO 02