Homeowners Coverage

Homeowners Coverage forms available through OFP are HO 0008, HO 0003, HO 0006, and HO 0004. Coverage under the HO 0003 form may be written with the HO 4856 (Modified Replacement Cost Terms) endorsement to provide compliance with coinsurance/insurance to value limitations of the coverage form.

Homeowners 8 Coverage

Coverage provided: HO 0008 coverage form

Insurance for the perils of:

Underwriting Criteria

1. Property must be free from any loss-producing hazards and/or deficiencies
2. Property must be a one, two, three, or four family owner-occupied dwelling that is not a farm, commercial risk, or under construction
   1. If the dwelling is a mobile or manufactured home, it must be used for private residential purposes, not be self-propelled, and be permanently situated at a fixed location
   2. If the property is seasonal,
      1. it must be identified as seasonal to OFP,
      2. must have continuous unoccupancy of three or more consecutive months during a one year period,
      3. may not be rented to others,
      4. may not be for sale, and
      5. may not be vacant
3. Property must be the owner's primary residence (unless seasonal)
4. At least 50% of the dwelling must be occupied
5. Property may not be in foreclosure, litigation, or receivership
6. Property may not have unrepaired damage or unsettled losses from any perils which would be insurable under the HO 0008 coverage form
7. Dwelling structure must have coverage equal to or greater than $15,000
8. Property must be free of specific characteristics of ownership, condition, occupancy and maintenance that violate law or public policy and/or may result in increased exposure to loss
9. Property may not be owned by any individual(s) who has been convicted of arson or who has misrepresented the property by false information on the application(s)
10. Property may not have sustained loss which was caused by the gross negligence or carelessness of the insured/applicant
11. Property must have been denied the coverage sought by at least two insurance companies
12. Property may not have delinquent taxes, assessments, penalties or other such charges due
13. Property may not be in violation of any building, housing, air pollution, sanitation, health, fire or safety code, ordinance or rule
14. Applications submitted for coverage must be fully and correctly completed
15. Property must be free from the presence of any aggressive or vicious animal(s) including but not limited to pit bulls and pit bull mixes or canine liability must be excluded via endorsement
16. Property must have handrails installed on all stairs (greater than 3 steps) and porches
17. If the property has an inground swimming pool, it must be completely fenced
18. If the property has an above ground swimming pool, it must have a gate preventing unauthorized access
19. If the property has a hot tub and/or trampoline, then a fence/protective barrier is required
20. Outstanding issues from prior OFP coverage must be fully resolved

Homeowners 3 Coverage

Coverage provided: HO 0003 coverage form

The HO 0003 provides coverage to the Residence and Related Private Structures for all perils which are not excluded under the coverage form. Coverage for Personal Property is provided for the perils named in the coverage form.

Underwriting Criteria

1. Dwelling structure must have coverage equal to or greater than $25,000
2. Dwelling structure coverage carried must be at least 50% of the replacement cost
3. Property must be free from any loss-producing hazards and/or deficiencies
4. Property must be a one, two, three, or four family owner-occupied dwelling (not mobile, manufactured, or trailer home) that is not seasonal, a farm, commercial risk, or under construction
5. Property must be the owner's primary residence
6. At least 50% of the dwelling must be occupied
7. Property may not be in foreclosure, litigation, or receivership
8. Property may not have unrepaired damage or unsettled losses from any perils which would be insurable under the HO 0003 coverage form
9. Property must be free of specific characteristics of ownership, condition, occupancy and maintenance that violate law or public policy and/or may result in increased exposure to loss
10. Property may not be owned by any individual(s) who has been convicted of arson or who has misrepresented the property by false information on the application(s)
11. Property may not have sustained loss which was caused by the gross negligence or carelessness of the insured/applicant
12. Property must have been denied the coverage sought by at least two insurance companies
13. Property may not have delinquent taxes, assessments, penalties or other such charges due
14. Property may not be in violation of any building, housing, air pollution, sanitation, health, fire or safety code, ordinance or rule.
15. Applications submitted for coverage must be fully and correctly completed
16. Property must be free from the presence of any aggressive or vicious animal(s) including pit bulls and pit bull mixes or canine liability must be excluded via endorsement
17. Property must have handrails installed on all stairs (greater than 3 steps) and porches
18. If the property has an inground swimming pool, it must be completely fenced
19. If the property has an above ground swimming pool, it must have a gate preventing unauthorized access
20. If the property has a hot tub and/or trampoline, then a fence/protective barrier is required
21. Outstanding issues from prior OFP coverage must be fully resolved

Homeowners 6 Coverage

Coverage provided: HO 0006 coverage form

Insurance for the perils of:

Underwriting Criteria

1. Property must be the owner's primary residence
2. Property must be a condominium
3. Property must be an owner-occupied dwelling (not seasonal or under construction)
4. The condominium unit may not be occupied by more than one additional family or two boarders or roomers
5. Dwelling coverage must be equal to or greater than $5,000 and Personal Property coverage must be equal to or greater than $10,000
6. Property may not be insured for more than the replacement cost of the insured's ownership in the condominium unit
7. Property must be free from any loss-producing hazards and/or deficiencies
8. Property may not have unrepaired damage or unsettled losses from any perils which would be insurable under the HO 0006 coverage form
9. Property must be free of specific characteristics of ownership, condition, occupancy and maintenance that violate law or public policy and/or may result in increased exposure to loss
10. Property may not be owned by any individual(s) who has been convicted of arson or who has misrepresented the property by false information on the application(s)
11. Property may not have sustained loss which was caused by the gross negligence or carelessness of the insured/applicant
12. The condominium unit may not have delinquent taxes, assessments, penalties or other such charges due
13. Property may not be in violation of any building, housing, air pollution, sanitation, health, fire or safety code, ordinance or rule
14. Property may not be in foreclosure, litigation, or receivership
15. Property must have been denied the coverage sought by at least two insurance companies
16. Applications submitted for coverage must be fully and correctly completed
17. Property must be free from the presence of any aggressive or vicious animal(s) including but not limited to pit bulls and pit bull mixes or canine liability must be excluded via endorsement
18. Property must have handrails installed on all stairs (greater than 3 steps) and porches
19. If the property has a swimming pool, it must be completely fenced
20. If the property has a hot tub and/or trampoline, then a fence/protective barrier is required
21. Outstanding issues from prior OFP coverage must be fully resolved

Homeowners 4 Coverage

Coverage provided: HO 0004 coverage form

Insurance for the perils of:

Underwriting Criteria

1. Property must be the applicant's primary residence
2. The dwelling or apartment unit may not be occupied by more than one additional family or two boarders or roomers
3. Personal Property coverage must be equal to or greater than $5,000
4. The dwelling or apartment unit must be free from any loss-producing hazards and/or deficiencies
5. The dwelling or apartment unit may not have unrepaired damage or unsettled losses from any perils which would be insurable under the HO 0004 coverage form
6. The dwelling or apartment unit must be free of specific characteristics of ownership, condition, occupancy and maintenance that violate law or public policy and/or may result in increased exposure to loss
7. The dwelling or apartment unit may not be occupied by any individual(s) who has been convicted of arson or who has misrepresented the property by false information on the application(s)
8. The dwelling or apartment unit may not have sustained loss which was caused by the gross negligence or carelessness of the insured/applicant
9. The dwelling or apartment unit may not be in violation of any building, housing, air pollution, sanitation, health, fire or safety code, ordinance or rule
10. The dwelling or apartment unit must have been denied the coverage sought by at least two insurance companies
11. Applications submitted for coverage must be fully and correctly completed
12. The dwelling or apartment unit must be free from the presence of any aggressive or vicious animal(s) including but not limited to pit bulls and pit bull mixes or canine liability must be excluded via endorsement
13. The dwelling or apartment unit must have handrails installed on all stairs (greater than 3 steps) and porches
14. If the property has an inground swimming pool, it must be completely fenced
15. If the property has an above ground swimming pool, it must have a gate preventing unauthorized access
16. If the property has a hot tub and/or trampoline, then a fence/protective barrier is required
17. Outstanding issues from prior OFP coverage must be fully resolved