Your Home, Your Family, Fully Covered.
Reliable home insurance made accessible and affordable.
The HO-3 homeowners insurance policy provided by Arbor Reciprocal Exchange is a comprehensive and flexible option designed to protect homeowners from a wide range of risks. This policy insures your home and any detached structures on an open-perils basis, meaning it covers all causes of loss unless they are specifically excluded.
Protection against most circumstances
When it comes to your personal belongings—such as furniture, electronics, and clothing—Arbor’s HO-3 policy provides coverage on a named-perils basis. This means your items are protected only against specific risks listed in the policy.
Frequently Asked Questions
What is an HO-3 homeowners insurance policy?
An HO-3 policy is a type of homeowners insurance that provides broad protection for your home’s structure and limited coverage for your personal belongings. It covers your dwelling and other structures on an open-perils basis and your personal property on a named-perils basis.
What does “open-perils” mean for my home coverage?
Open-perils coverage means your home is protected against all causes of loss except those specifically excluded in the policy, such as earthquakes, floods, or neglect.
What are “named perils” for personal property?
Named-perils coverage means your belongings are only covered for specific risks listed in the policy, such as fire, theft, vandalism, and windstorms.
Does Arbor’s HO-3 policy include liability protection?
Yes. The policy includes personal liability coverage, which protects you if someone is injured on your property or if you accidentally cause damage to someone else’s property.
What is “Loss of Use” coverage?
The necessary and reasonable increase in living costs incurred to maintain the normal standard of household living if that part of the described location occupied by your household is made unfit for use as a residence by a loss covered under the property coverage.
Are floods or earthquakes covered?
No. These are typically excluded from HO-3 policies. You would need to purchase separate flood or earthquake insurance for that protection.
How do I file a claim with Arbor Reciprocal Exchange?
You can file a claim by contacting Arbor’s claims department directly through their website or customer service line. Be prepared to provide details about the incident and any supporting documentation.
Is there a deductible?
Yes. Like most insurance policies, Arbor’s HO-3 policy includes a deductible, which is the amount you pay out of pocket before your coverage kicks in. The amount can vary based on your policy choices.
How can I lower my premium?
You may be eligible for discounts by bundling policies, installing safety features (like smoke detectors or security systems), or maintaining a claims-free history.