Types of policies: all about HO-2.
by: Christine Zafra
The HO-2 is somewhat similar with the HO-1 type of policy, however, the difference lies with the “object” that is insured. If HO-1 deals with movable valuable things such as paintings and vases, HO-2 on the other hand insures part of the house. If your swimming pool, say has been hit by a falling tree when a hurricane of tornado hit your state, you can file a claim if your swimming pool is insured. How about your garage? If it caught a fire (hopefully your car’s somewhere), you can also file a claim if your garage is insured. These are only a few of the benefits you’ll get with HO-2.
Photo taken from http://www.baristanet.com