Is a ho-a insurance policy the same as a ho-3 insurance policy?

Answer 1

No, they are not the same.

HOA - Basic Coverage, is a Homeowners Insurance Policy Form "A", Also known as a HO1 policy.

The HOA is the most common home Policy Form purchased in the United States. It is usually based on ACV valuation rather than on Replacement valuation in the event of a claim. Although it is generally the most affordable Home Insurance one can buy, it also tends to offer minimum coverages.

HO2 - Extended Coverage, Also known as an HOB or Homeowners Policy Form "B"

HO3 - Broad Coverage, is also Known as an HOC Policy, Homeowners Insurance Policy Form "C".

The HO3 Home Insurance Policy is considered the Cadillac of Homeowners Insurance Policies offered in The United States. It is based on Replacement Coverage valuation and offers the broadest, most expansive coverage available but also is the most expensive.