However, no policy covers acts of war, nuclear accidents or floods. Flood insurance requires separate policy altogether. Earthquake Protection can be added as an endorsement. It includes the 17 listed perils in HO-2 and generally any other peril. Historical or architectural features may make it more expensive than its market cost.
Condominiums usually have no external structures but share collectively in the whole building.
Rentees borrow their homes from gracious landlords. In the event of a lawsuit, this will help pay for your legal defense. Obviously, the landlord own the house but the contents belong to the rentee. As a result, there is an emphasis on personal property and loss of use, but no liability. The following are insured against the same 17 perils as an HO-2 policy.