This is the fifth part of our analysis of the ISO Homeowners – Special Form HO 00 03 03 22. ISO is updating the Homeowners Policy Program and Mobilehomeowners Supplement with a proposed effective date of March 2022. The HO 00 03 Homeowners 3 – Special Form is commonly used for insuring personal dwellings and contents. While broader coverage can be found under the HO 00 05 Comprehensive form, and more limited coverage can be found under the HO 00 08 Modified form, the HO 00 03 provides coverage that fits most homeowners needs. We will walk through the form and highlight any changes that have been made from the 2011 edition. While much is the same, there are updates to terms, coverages and special limits. These changes will be in bold text. As the policy itself is 28 pages long, we will break this discussion into sections as follows:

Agreement and Definitions Section

Section I Property Coverages A-C