Homeowners Insurance Policies
Homeowners insurance is designed to protect you from disasters that can damage your home and belongings. It helps keep you financially secure in the worst cases. In addition to repairing your home and the contents that dwell in it, insurance can cover your outside structures, such as pools, detached garages, sheds, and more!
QUOTE NOWAt Orchid we offer a wide range of homeowners products to suit your needs. We currently offer HO3, HO5, HO6, DP3, and X-Wind policies.
Key Features:
- HO3 and HO5 minimum is as low as $100,000 in most states
- HO6 programs start at $20,000
- Flexibility allowed in coverage limits as long as they don’t exceed the maximum values of:
- Coverage B Up to 70% of Coverage A
- Coverage C Up to 70% of Coverage A
- Coverage D Up to 20% of Coverage A
The Orchid Difference
- Write as high as $50 million total insured value
- Provide flexible wind deductible options as low as 1% (varies by state)
- Multi-unit dwellings eligible up to 4 units
- Protection Classes 9 and 10 eligible with centrally monitored fire alarm and satisfactory fire department response
- Provide the option to exclude Wind on any policy type
- Offer Earthquake coverage, in select states, with 5% deductibles
General Requirements
- No more than two mortgages on the property
- Slides, diving boards, trampolines, and large outdoor play sets are acceptable but will be excluded from liability
- Business performed on insured premises is generally ineligible
- Daycare risks are not acceptable
- No mobile, kit, or prefabricated homes
- Homes in historical districts may be eligible, but homes on historical registries are ineligible
- Homes built in 1900 and newer are eligible with acceptable updates to all major systems
- Vacant homes must have centrally monitored burglar and fire alarms
*Guidelines are subject to change.
