What type of homes does HO-8 primarily cover?

The HO-8 policy form is specifically designed to provide coverage for older homes, particularly those that may not meet current building codes or that have unique, historically significant characteristics. The primary focus of this policy is to offer coverage for structures that may have lower market value compared to the cost of replacement, which means it may not cover the full replacement cost of modern features. Typically, these older homes might have experienced depreciation and might need more basic coverage, rather than the comprehensive protections offered by other homeowners insurance formats intended for newer or updated properties.

This makes the HO-8 an ideal choice for homeowners of older houses who are looking for a policy that reflects the unique insurable value of their property while providing essential coverage against risks like fire, theft, and vandalism, but not necessarily covering all modern updates in full.