An HO8 homeowners insurance policy is meant for older dwellings where the replacement costs are way higher than the market value. Normally your single-family or multi-family home will have to be over 40 years old. In fact, if your home is over 40 years old and/or is considered a ...
An HO8 insurance policy, often referred to as a modified coverage form, is designed specifically for older homes that may not meet the criteria for a typical homeowners insurance policy. This type of insurance provides coverage for the actual cash value of the home and personal belongings, rathe...