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Old 07-14-2009, 10:48 PM
13 posts, read 70,996 times
Reputation: 19


I am shoping for home owner's insurance. I know that I should get an open perils coverage. I have found an HO-3 policy that is open perils and full replacement for structure and contents. It seems to cover the same things as an HO-B (the standard policy in Texas) with two exceptions:

The HO-3 does not cover:
1. Continuous or Repeated leakage from plumbing, heating, air conditioning
2. Backup of sewers/drains

The cost difference between the 2 policies is around $600 or 25% of the policy. This leads to two questions:

1. How concerned should I be about the 2 exclusions in the HO-3 policies in Houston?

2. Is there anything I am missing? The HO-3 seems like a very good deal compared to the HO-B quotes.

(I should point out that the policies are underwritten by companies with similar financial backing; the main differences seem to be exclusions). Note the HO-3 policy is with Liberty Mutual.
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