Glossary

A homebuilder wrap-up is a modified version of a commercial wrap-up (also known as "consolidated insurance program" or CIP) that allows a developer to purchase blanket liability coverage for contractors performing construction work on behalf of the developer.

The Homeowners Modified Form 8 (HO 8) is part of the Insurance Services Office, Inc. (ISO), homeowners portfolio. The HO 8 form provides basic named perils coverage for direct damage to property, personal liability coverage, and medical payments to others as respects owner-occupied dwellings.

The homeowners policy is a package insurance policy providing property and liability coverages tailored to the needs of most homeowners, condominium owners, and apartment tenants.

The Homeowners Policy Basic Form 1 (HO 1) provides basic named perils coverage for direct damage to property, personal liability coverage, and medical payments to others coverage.

The Homeowners Policy Broad Form 2 (HO 2) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 2 insures the described dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use.

The Homeowners Policy Comprehensive Form 5 (HO 5) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 5 form insures the described owner-occupied dwelling, other structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use.

The Homeowners Policy Contents Broad Form 4 (HO 4) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 4 form insures a tenant for direct damage to unscheduled personal property on a broad named perils basis. This policy also provides personal liability coverage and medical payments coverage.

The Homeowners Policy Special Form 3 (HO 3) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 3 insures the described owner-occupied dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use.

The Homeowners Policy Unit Owners Form 6 (HO 6) is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio. The HO 6 form covers the real property interest and the personal property of insureds who own a unit in a condominium or share an ownership interest in a cooperative building.

Home care refers to skilled and unskilled long-term care (LTC) services provided in the patient's place of residence for the purpose of promoting, maintaining, or restoring health or minimizing the effects of illness or disability.