Ashvalley Insurance Agency LLC

Homeowners Insurance Policies (HO Forms)

HO-1 (Basic Form) — Most limited. Covers specific named perils only such as fire, lightning, windstorm, theft and vandalism. Rarely offered today.

HO-2 (Broad Form) — Broader named-perils coverage for dwelling and personal belongings. More perils than HO-1 but still limited to listed causes of loss.

HO-3 (Special Form) — Most common homeowners policy. Open-perils coverage for the structure and named-perils for personal belongings.

HO-4 (Renters Insurance) — For tenants and renters. Covers personal belongings and liability but not the building itself.

HO-5 (Comprehensive Form) — Highest level of coverage. Open-perils for both dwelling and personal property.

HO-6 (Condo/Co-op) — For condo and co-op owners. Covers interior walls, fixtures, personal belongings and liability.

HO-7 (Mobile Home) — For manufactured and mobile homes. Similar to HO-3 but tailored for mobile homes.

HO-8 (Modified Coverage) — For older or historic homes where rebuilding costs exceed market value.

Dwelling Fire Policies (DP Forms)

DP-1 (Basic Form) — Most limited. Basic named-perils coverage for fire, lightning and internal explosion. Additional coverages available by endorsement.

DP-2 (Broad Form) — Broader named-perils coverage. Includes windstorm, hail, vandalism and weight of ice or snow. Commonly includes loss of rents coverage.

DP-3 (Special Form) — Broadest and most common. Open-perils coverage on the dwelling. Most common for rental and investment properties.

Commercial Package Policy (CPP)

Basic Form — Named-perils coverage for fire, lightning, explosion, windstorm, smoke, vandalism and sprinkler leakage.

Broad Form — Includes Basic Form perils plus falling objects, weight of snow or ice, water damage from plumbing and collapse.

Special Form — Open-perils coverage. All causes of direct physical loss covered unless specifically excluded.

Additional coverages available: General Liability, Business Personal Property, Loss of Business Income, Equipment Breakdown, Crime, Inland Marine, Commercial Auto, Cyber Liability.