HO-7 – Mobile Home Form
Definition:
A policy providing coverage for mobile or manufactured homes.
Explanation:
HO-7 is similar to HO-3 but adapted for mobile homes. It covers the structure, belongings, and liability, with exclusions for transportation and setup issues.
Example:
If a windstorm damages your mobile home’s roof, HO-7 pays for repairs.
Why it matters:
This term affects how claims are handled and what payout a homeowner may receive.