HO2 Vs HO3 Info

[rolox1]

I am looking for a consumer friendly, easy to understand reference that clearly explains how the HO3 is a better policy. Many years ago, there was a company that produced brochures with cartoon-like drawings.....wondering if there is a website where i can find something like that. I was searching online for awhile today but couldn't find anything simple. Any advice would be appreciated. Thanks.

 

[djs]

How many clients even ask?

Seriously, this is probably an area you are spending to much time on if you get into explanations of HO-2 and HO-3 policies. Say it simple:

Mr Prospect - do you know what type of claim you will file next? Do you know what will cause the damage? If not, make sure you have a policy that will cover you for all perils, with some named exclusions, rather than a policy that only covers you for named, identified perils.

Don't dwell on it, move along unless they back you up.

No pictures needed.

Dan

 

[rolox1]

We have maybe 20 HO2 policies left. As they come up for renewal I would simply like to enclose an easy to understand explanation along with renewal quote, quoting in on a form 3. That's all.

 

[reedrhoden]

Agree 1000%. Quote the cadilac policy and don't explain the pinto policy unless they make you. The price difference is negligible and they'll be much happier come claim time.

 

[rolox1]

I don't write HO2 policies. I am just trying to covert the remaining ones to a 3. I want them to understand the benefits of upgrading

 

[bobson]

You need some real life claim examples. Come on forum, let's get some examples of claims that were covered under and HO3 that wouldn't have been under an HO2.

 

[dmetzger]

Bleach spilt on the carpet. Not covered under HO2

 

[cottonland]

Water damage to interior of the dwelling requires visible damage to the exterior of the structure.

 

[DiegoInsGuy]

Bleach spilled on carpet would not be covered under HO-3 but under HO-5 yes

 

[dmohrman]

It certainly would be covered under an HO-3. Carpet is not personal property, it is Cov. A. There is no exclusion on an HO-3 that would exclude that scenario from coverage, unless you did it intentionally.