New York HO-3 items to verify
- Owner-occupied status and replacement-cost assumptions for the dwelling.
- Major systems, exterior material, and inspection timing.
- In New York, separate wind, named-storm, and flood questions before comparing the premium.
- Wind or hail wording in New York can affect the deductible, roof settlement, and inspection follow-up.
- Discount proof, mitigation records, and lender requirements.
HO-3 quote questions
| Question | Why it matters |
|---|---|
| What assumptions did the agent enter? | Roof year, square footage, protection class, and prior losses all matter. |
| Does the quote match lender rules? | Mortgagee wording and deductible limits can affect closing. |
| What is excluded or sublimited? | Flood, earth movement, vacancy, and business use need direct review. |
| What follow-up documents are likely? | Permits, photos, and inspections often answer underwriting questions. |
Practical note
For a New York HO-3 quote, compare the policy form, deductible wording, and endorsement list before comparing only the premium.