HO-8 Policy
Insurance Glossary
A modified homeowners form for older homes whose cost to rebuild with original materials runs far above their market value. It covers a short list of named perils and settles losses on an actual cash value or functional replacement cost basis, meaning repairs may be priced using modern materials rather than matching the originals. It is written far less often than the standard forms, and availability depends on the insurer and the state.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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