Home insurance, also commonly called hazard insurance or homeowner’s insurance (often abbreviated in the real estate industry as HOA). Dwelling must be Owner Occupied (Cannot be used for rental) Property must be in an insurable condition, well maintained, and show “Pride of Ownership”.
Texas Dwelling Policy – FORM 1
Property must be in an insurable condition, well maintained, and show “Pride of Ownership.” Owner Occupied or Tenant Occupied.
The dwelling policy (DP) is similar, but used for residences which don’t qualify for various reasons, such as vacancy/non-occupancy, seasonal/secondary residence, or age.
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance.