Homeowners insurance policies are available in several forms, and each form is designed for a different type of residence and coverage structure.
Here is a general overview of forms commonly discussed in North Carolina:
HO-2 — Broad Form
Generally provides coverage for the dwelling and personal property when damage is caused by a peril specifically listed in the policy.
HO-3 — Special Form
A commonly used homeowners form. The dwelling is generally covered on an open-peril basis, subject to exclusions, while personal property is generally covered for listed named perils.
HO-4 — Contents Broad Form
Designed for renters. It generally provides coverage for personal belongings, additional living expenses and personal liability, but does not insure the building itself.
HO-5 — Comprehensive Form
Generally provides open-peril coverage for both the dwelling and personal property, subject to policy exclusions, limitations and conditions.
HO-6 — Unit-Owners Form
Designed for condominium owners. It may provide coverage for personal property, certain interior building items, additional living expenses and personal liability. The condominium association’s master policy should also be reviewed.
HO-8 — Modified Coverage Form
Often considered for certain older homes when replacement costs differ significantly from the home’s market value. Valuation and loss-settlement provisions may be more limited than those found in other forms.
HE-7 — North Carolina Homeowners Enhancement Form
A North Carolina-specific enhancement form that may provide broader property and liability features than a standard homeowners form. Features vary by carrier, policy edition and selected endorsements.
The policy form is only one part of the comparison. Coverage limits, deductibles, exclusions, endorsements, valuation methods and eligibility requirements also affect how a policy may respond to a loss.
Middle Creek Insurance can help you review available homeowners insurance options based on your expressed needs and budget.
📞 (919) 524-2149
🌐 https://middlecreekins.com/
📍 9704 Fayetteville Rd, Raleigh, NC 27603
This information is provided for general educational purposes. Coverage availability and policy provisions vary by carrier. Actual coverage is determined by the issued policy, declarations and endorsements.
