The premiums listed in this survey are based upon a common HO-3 policy that covers the building against all risks. The house used as an example is a frame structure built five years ago as of December 31 of the reporting year with a smoke detector, dwelling amount of $225,000, personal liability of $300,000, medical payments $1,000, $500 deductible, and located five miles or less to a fire station and within 1,000 feet of a hydrant or usable suction point and both dwelling and contents amounts written on a replacement cost basis. That is, the insurance company will pay the exact costs to replace the structure and/or contents, subject to the terms and conditions of the policy. Without replacement cost coverage, you would receive actual cash value for your claim, which is the replacement cost of the structure and/or personal belongings at the time of your loss, reduced by depreciation. Some companies in coastal areas provide higher deductibles.

The premiums listed in this survey are based upon a common HO-4 policy form that covers the loss of personal belongings (contents) up to $20,000, contains a smoke detector, $500 deductible, and is located within five miles or less to a fire station and is within 1,000 feet of a hydrant or usable suction point with contents amount written on a replacement cost basis. That is, the insurance company will pay the exact costs to replace the contents, subject to the terms and conditions of the policy. Without replacement cost coverage, you would receive actual cash value for your claim; i.e. the replacement costs of your personal belongings at the time of your loss, reduced by depreciation. Some companies in coastal areas provide higher deductibles.

The premiums listed in this survey are based upon a common HO-6 policy form that covers the loss of personal belongings (contents) up to $40,000. Coverages are for a dwelling amount of $150,000, personal liability of $300,000, medical payments $1,000, smoke detector, $500 deductible, and is located within five miles or less to a fire station and is within 1,000 feet of a hydrant or usable suction point and both dwelling and contents amounts written on a replacement cost basis. That is, the insurance company will pay the exact costs to replace the dwelling and contents, subject to the terms and conditions of the policy. Without replacement cost coverage, you would receive actual cash value for your claim, which is the replacement cost of the dwelling and/or personal belongings at the time of your loss, reduced by depreciation. Some companies in coastal areas provide higher deductibles.