Principles of Risk Management and Insurance, 13th Edition

ISO Dwelling Program

Although the majority of homeowners are insured under a homeowners policy, certain dwellings are ineligible for coverage under a homeowners policy. For example, if the home is not occupied by the owner but is rented to a tenant, the property owner is ineligible for a homeowners policy. Also, some property owners do not need a homeowners policy, or they may want a less costly policy. Most of these homes can be insured under a dwelling policy drafted by the Insurance Services Office (ISO).

The ISO dwelling forms are narrower in coverage than the current homeowners forms. One major difference is that the dwelling forms do not include coverage for theft or for personal liability insurance without appropriate endorsements. In ...