Homeowners Form HO 00 08

Repair Cost or Actual Cash Value

March 5, 2012

Summary: For many insureds the Insurance Services Office (ISO) HO 00 08 05 11 provides the best alternative to purchasing a replacement cost policy. Those insureds with ornate homes built earlier in the century, or those with replacement values far exceeding market value, may be provided less costly insurance with this policy. This discussion gives an overview of the HO 00 08, as well as a look at changes made in the 2011 edition. Differences from the 2000 edition are noted. Since most of the changes made are identical with those of the other homeowners forms, only those changes specific to the HO 00 08 are included.

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