Anyone use Home insurance from Homeowners of America? (Howe: house, inspection)

[bypassus]

Their HO-B coverage and rate looks fair, they are local insurance carrier. Meanwhile, the difference between HO-3 and HO-B coverage is water damage of "Continuous or Repeated leakage from a plumbing, heating, or air conditioning system", HO-3 has not but HO-B has, is that a useful coverage? About $100 price difference for one year.

[karl Thomson]

Hey bypassus!

One of the most popular types of homeowner's insurance available as of the special form, or HO-3 policy, otherwise known as HOB. These policies offer coverage against all forms of direct physical damage to the home except those excluded by the policy. However, these policies only protect your belongings from the same list of perils covered by HOA+.

Typical HO-3 policies exclude water damage unless you endorse other forms of water coverage for higher premiums. Though nearly identical to the HO-3, HOB policies tend to offer broader water protection as standard coverage.

[TX75007]

I have used Allstate, State Farm, and Farm Bureau. Never heard of this company.

Plumbing leaks due to foundation issues are common. Some thing to think about.

[ChristieP]

And a blocked a/c drain line can cause a water damage mess very quickly!!

I would never consider insurance without water damage coverage!

[bypassus]

HO-3 also has water damage coverage, it covers:
1. Sudden and Accidental discharge or overflow of water or steam from a plumbing, heating, or air conditioning system
2. Backup of sewers or drains
3. Freezing of plumbing or heating system
4. Flood or Surface water,

But it does not cover but HO-B covers:
1. Continuous or Repeated leakage from a plumbing, heating, or air conditioning system

I want to know if the last coverage is really important to have?

[ChristieP]

I'd want to know what they consider to be the difference between the two...

[Cathy W. Grear]

Originally Posted by karl Thomson

Hey bypassus!

One of the most popular types of homeowner's insurance available as of the special form, or HO-3 policy, otherwise known as HOB. These policies offer coverage against all forms of direct physical damage to the home except those excluded by the policy. However, these policies only protect your belongings from the same list of perils covered by HOA+.

Typical HO-3 policies exclude water damage unless you endorse other forms of water coverage for higher premiums. Though nearly identical to the HO-3, HOB policies tend to offer broader water protection as standard coverage.

Thanks for the update dude...

[Waco123]

Switched to Homeowners of America. They requested I have a couple of shingles replaced. A month later, I had the shingles replaced and the roofer noticed hail damage. Had a 5 minute phone call with Homeowners and they said an adjuster would be visiting. A week after he left, I still hadn't heard anything. I was heading home to call them and tell them I wanted to know if they were going to fix the roof or not. Checked that mail on the way in the door and there was a check for a full roof replacement minus the deductible.

Short version: Was a bit skeptical when we switched to Homeowners, but they were prompt with payment and no hassle on the claim. Unless my rate just skyrockets, I am VERY happy with them.

[berto56us]

how long will it take for them to come see my house for inspection