| COMPARISONS | |||
|---|---|---|---|
| COVERAGES | Standard HO-A (Texas Department of Insurance promulgated form - can be used by any company) | Standard HO-B (Texas Department of Insurance promulgated form - can be used by any company) | ISO HO-3 (filed by insurance trade organization - can be used by any insurance company) |
| Type of Coverage | |||
| Dwelling | Named Perils | ALL risks | ALL risks |
| Personal Property | Named Perils | Named Perils | Named Perils |
| Water Damage | |||
| Sudden and Accidental discharge or overflow of water or steam from a plumbing, heating, air conditioning system | NO | YES | YES |
| Continuous or repeated leakage from plumbing, heating, air conditioning | NO | YES | NO but coverage can be added by endorsement |
| Backup of sewers/drains | NO | YES | NO but coverage can be added by endorsement |
| Freezing of plumbing or heating system | NO | YES certain precautions must be taken by insured if property is unoccupied | YES certain precautions must be taken by insured if property is unoccupied |
| Flood/Surface water | NO. Flood insurance can be obtained through FEMA and the National Flood Insurance Program (NFIP). Their website is fema.gov/nfip | NO. Flood insurance can be obtained through FEMA and the National Flood Insurance Program (NFIP). Their website is fema.gov/nfip | NO. Flood insurance can be obtained through FEMA and the National Flood Insurance Program (NFIP). Their website is fema.gov/nfip |
| Mold | |||
| Mold, Fungi or Other Microbes | LIMITED to ensuing mold damage resulting from sudden and accidental water damage caused by the covered perils named in the policy. Sudden and accidental included a physical loss that is hidden or concealed for a period of time until it is detected. Any hidden or concealed damage must be reported within 30 days of its detection. | YES. Only if the mold is on property physically damaged by sudden and accidental water or steam. This includes hidden and concealed damage that is reported within 30 days of detection. | YES. Only if the mold is on property physically damaged by sudden and accidental water or steam. This includes hidden and concealed damage that is reported within 30 days of detection. |
| Cost of Testing, Remediation, and Living Expenses due to Mold, Fungi or Other Microbes | NO. But an endorsement must be offered to provide coverage up to the policy limits for these costs. PLEASE NOTE: This additional mold coverage applies ONLY to those perils named in the base policy: 1. Fire and lightning 2. Sudden and accidental damage from smoke 3. Windstorm, hurricane, and hail 4. Explosion 5. Aircraft and vehicles 6. Vandalism and malicious mischief 7. Riot and civil commotion 8. Theft. | NO. However an endorsement must be offered to provide coverage up to the policy limits for these costs. PLEASE NOTE: While the base policy does not cover the cost of testing, remediation, and living expenses due to mold, fungi or other microbes, it does provide some basic but limited mold coverage (see coverage description under Mold, Fungi or Other Microbes for further explanation). | NO. However an endorsement must be offered to provide coverage in varying amounts up to policy limits. PLEASE NOTE: While the base policy does not cover the cost of testing, remediation, and living expenses due to mold, fungi or other microbes, it does provide some basic but limited mold coverage see above for further explanation). |
| Other Perils Covered | |||
| Damage to Foundation/Slab | NO | YES. If damage results from covered water leak | NO. But an endorsement can be added for coverage of 15% of dwelling policy limit |
| Falling Objects, Including Trees | NO | YES | YES |
| Weight of Ice, Snow and Sleet | NO | YES | YES |
| Collapse | NO | YES. Unless caused by earth movement | YES. Unless caused by earth movement |