All Forum Posts by: Ram Su

I was given a quote for AMFAM Gold Star Deluxe Policy with Plus endorsement . and also another one with Elite Endorsement.

The Plus Endorsement says - Personal Property coverage is for specific perils

The Elite Endorsement says -Personal Property coverage is for open perils

But agent says both of them are HO5 type - is that true? (I was thinking only the Open Perils coverage will fall under HO5)?

The elite package was 14% higher - is it worth spending $150 more?

Thanks @Jason Bott that helps. AMFAM is the one that says all perils on their elite package (but it was $150 higher).. so there is $150 difference.. may be for a peace of mind, I shouldn’t worry about $150 higher one

@Jason Bott thanks. I asked the State Farm agent if it’s HO5, but he says it’s not HO5 but broadform. He says State Farm has only one kind of policy and it’s broad form (he never says it’s an HO5). But AMFAM clearly say it’s a HO5 policy. Now wondering which way should I go? Do you know what broadform is?

It will be my primary residence @Charles Douglas

No it’s a primary residence 

Yes this will be a house that I occupy, I am in a dilema whether to believe what Statefarm says “our policy is better than an HO5”

@Derek Lacy so does that mean it’s has lesser coverage than a HO5. Amfam says they will give me a HO5 and State Farm says their broad form is better than HO5 and will cover everything? So is statefarm better then?

State Farm says its BroadForm policy - do you know if is this really an HO3 or HO5 (guess its all Open Perils on Personal Property as well)?

Thanks @Jonathan Pflueger and @John Harvell  , I felt the same as well. State Farm says its BroadForm policy - do you know if is this really an HO3 or HO5 (guess its all Open Perils on Personal Property as well)? 

Hi, I am in the process of getting a home insurance. I got quotes from AMFAM - for a H05 Gold Elite policy and one from State Farm.  With AMFAM the inital rates are $200 less than state farm - but they have a welcome discount now and I guess I would lose it next year and the rates would go high.  State farm says their price would not change much year after year like AMFAM.  Also Statefarm agent says its a BroadForm Insurance and covers every stupid thing. Not sure which way to go.  From a policy perspective is an AMFAM H05 better than the State Farm BroadForm .  or is State Farm better? Any guidance would be helpful.