Products

Homeowners Insurance

To protect your valuable investment, Interboro affords a comprehensive policy that suits your needs. Our policies include coverage for your dwelling, contents, liability, medical payments, and other structures on your property. Our policies also include coverage for additional living expenses that protects you if your home is uninhabitable due to an insured peril.

Broad Form Policy (HO2)

The HO2 insurance policy is a Named Perils insurance policy. Named perils policies specifically list the perils for which your home and personal property are covered. If something happens to your home and belongings that is not on the list of covered perils, you do not have coverage under the HO2 policy.

Special Form Policy (HO3)

This policy is the most common form we sell. It covers your home for all risks of physical loss, except those that are specifically excluded in the policy, such as flood, earthquake, war, nuclear accident, etc.

Tenant Policy (HO4)

Also known as Renters Insurance, Tenants policies are available that insure against damage to the personal property of a unit and for liability of the insured when people are injured or sustain property damage arising from the insured unit. HO-4 policies do not cover the building.

Condominium & Cooperative Policies (HO6)

Condominium and Cooperative Owners policies provide contents, property and liability coverage for the insured unit.

Coverage Enhancements for Homeowners

  • Personal Property

    You have options if your personal property has been damaged. Knowing how much your belongings are worth will help you make sure everything you value is adequately covered if an incident arises. Our homeowners policy comes with personal property coverage, but can be increased or decreased depending on your own needs.

  • Home Systems Protection

    This endorsement provides coverage for systems and equipment you use in your home. Examples are boilers, furnaces and heat pumps, kitchen and laundry appliances, home entertainment equipment, etc. and underground service lines are included.

  • Service Line Coverage

    Be prepared if repairs are needed on service lines such as your water, sewer, and other utilities running underground from the street to your home. Between water, power, cable, data, and gas, today’s homes are connected. Cover those critical connections.

  • Scheduled Personal Property

    This is an optional endorsement to your policy that provides more coverage for some of your most valued belongings and higher valued items (such as jewelry, furs, etc.).

  • Identity Recovery

    This provides coverage if you are a victim of identity theft or fraud. Additionally, you will be referred to an experienced Case Manager to handle your claim.

What to Know Before Buying Coverage

Please contact your Broker to obtain the coverage that is right for you.

Liability

Liability coverage in your policy has several advantages. It pays the damages that are awarded to the other person when you are found to be liable for bodily injuries or property damage. It also pays for the cost of an attorney to defend you.

​​Ordinance or Law

It’s important to understand the regulation specifications when repairing a home after damages. A partial loss could trigger an ordinance or law that could cause you to pay more than the amount of loss covered by your standard policy. That’s where Ordinance or Law coverage comes in.

Be Aware of Exclusions

An exclusion is a provision within your insurance policy that eliminates coverage for certain acts, property, types of damage or locations.

Understand Your Deductibles

A deductible is the amount of money you will pay out of pocket before your insurance company will pay on the claim.  Your policy may have deductibles on your dwelling and separate deductibles if the claim is caused by a windstorm. Your policy will also have an All Other Perils (AOP) deductible which covers everything else except if an endorsement has a specific deductible associated with that endorsement.

Understanding Basic Homeowners Insurance

Homeowners insurance is sold in packages. Each home is unique and you may not need certain options, such as coverage for off-premises theft. In some markets, you could receive a credit resulting in a lower premium when coverages are removed. A homeowners policy has two parts: Section I and Section II. Section I of the policy deals with coverage for property items, like the structure, personal items, the fence, and loss of use. Section II relates to liability coverage, which protects you from lawsuits against you by someone injured on your property.