(CA) Farmers home insurance "modified open perils"

[jordansomething]

I have my California homeowners policy through Farmers, specifically a Farmers Smart Plan Homeowners policy. I was playing around with the CA DOI Homeowners Coverage Comparison Tool, which lists this policy as "modified open perils" while most other companies are HO-3 "open peril".

I tried searching for a definition of "modified open perils" without success. The only thing I could find was an old forum post in which a former Farmers agent essentially describes it as a glorified HO-2.

This has me worried that I might have significant coverage gaps that I'm unaware of. I'm not an insurance expert so my attempt at parsing each sample policy didn't help me much.

I would be grateful if anyone could share their insight into how this "modified open perils" policy differs from an HO-3. I feel like I was sold a cheap policy and I'm tempted to call a local agent and pay more for a proper HO-3.

 

[bfastpool]

@jordansomething Looks like it excludes losses from wind & hail and also limits losses from wildfires & smoke.

That's the big differences I see at first glance.

 

[elizar123]

@jordansomething Typically, the verbiage on a standard ho-3 policy includes fire as a named peril. It's possible that in CA it doesn't include it and you have to buy a separate fire policy?

 

[tomhanch]

@jordansomething I wonder why thay site doesn't also include farmers next gen policy which I was told it's supposed to be their ho3

 

[jordansomething]

@tomhanch It's under "Fire Insurance Exchange" and it also says "modified open perils"