ISO routinely surveys the market in order to determine where coverages need to be changed and new coverages need to be developed. A 2016 survey of those between the ages of 18 – 39 showed that this age group has more people living at home with parents or home-sharing with others, in part to save money. ISO discussed these trends with various carriers, and as a result of the survey and discussions with carriers developed the new HO 00 14 Homeowners 14-Contents Comprehensive form HO 00 14 03 22, tailored to the needs of this particular age group. New coverages have been added to meet certain needs, while some coverages that are standard in the HO 00 04 Contents Broad Form have been removed from this form since those coverages are not anticipated to be requested as often. The HO 00 04 Contents Broad Form is available to those whose needs fit that form better. This form has been filed to be effective March 2022. We will update the articles with any changes as they are made so our information is as current as possible. This form, as well as the updated HO 00 03 Homeowners 3 – Special Form are discussed in the updated Homeowners Coverage Guide 6th Edition available here.

We have broken the discussion down into 5 parts. The other sections can be found as follows:

Part 2 – Coverage C, coverage D, Additional coverages