By: Ramu Garuda August, 20, 2019
According to a Gavop study, homeowners in California pay an average homeowners insurance rate of $1,570 per annum. The study also shows that a majority of California homeowners opt for an HO-3 home insurance policy.
An HO-3 policy is one of the most comprehensive homeowner’s policies available in the market and among the highly popular homeowner’s policies in California. An HO-3 policy provides an all-risks coverage for buildings and broad named-peril coverage for personal property. It is also the most common insurance package written in Georgia.