Homeowners insurance in New York: HO5
In comparison to a standard homeowners policy, a HO5 policy offers more protection and higher coverage limits. It provides your standard homeowner’s insurance coverage a ton of added benefits.
The general framework of HO3 and HO5 insurance is very similar, although HO5 policies are a little bit more thorough in terms of insuring your belongings. An HO5 provides an open perils coverage for personal property, which means your belongings are protected unless they are expressly excluded. This is one of the primary distinctions.
