Different Types of Available Homeowners Insurance

Have you been looking for the best homeowners insurance policies available in the area? Are you finding that understanding each of the different types of policies is more overwhelming than you thought it might be? When you're trying to find the right type of policy to protect your home, it can be a very confusing and long process. The most important thing you'll need to know to ensure you're getting the right policy for you is what each type of insurance can offer. Find out everything you need to know about the different types of insurance options you have available to you right here.

HO-1 is the most basic type of insurance available. This will usually cover things such as a fire or lightning damage.

HO-2 is what is referred to often as "broad coverage". In addition to fire and lightning, this also covers damage from wind, hail, snow, mischief, vandalism, theft, smoke damage, explosion, sleet, falling objects and more.

HO-3 is often called "special form" insurance. This type of insurance is usually the most common for homeowners to purchase. This will cover your home and any detached structured which are listed in your policy from disaster.

HO-4 is a tenant's policy which helps protect the home in the event of perils which are listed in the HO-2 policy while tenants are living in your home. It also covers additional living expenses and medical expenses when needed as well as liability protection.

HO-6 is used for owners of condominiums which wish to cover parts of their property not covered in their association's policy. In addition, HO-6 covers personal property and includes liability coverage as well.

HO-8 is what is often referred to as the "older home" policy. This policy is used to help replace out of use repair materials with materials that are in use now. This means if you have damage to a wall, with this policy can help to upgrade your damaged areas to more current materials which may not have been covered in your previous policy.

While each state may have different names and policy numbers for each of their policies, most are very similar. Be sure to carefully read your policy to ensure you're getting the protection you want in your homeowners insurance. If you need more information on the different types of insurance available in your area, use the resources available on our site to get everything you've been looking for hassle free!

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    What You Need to Know About Homeowners Insurance

    Have you been looking for the best homeowners insurance policies available and are beginning to feel overwhelmed? Are you unsure what type of policy you need or which providers offer the best coverage? Find out more about the four tips you should use to get the best deal on your homeowners insurance coverage.

    • Different Types of Available Homeowners Insurance »

      Different Types of Available Homeowners Insurance

      Have you been looking for the best homeowners insurance policies available in the area? Are you finding that understanding each of the different types of policies is more overwhelming than you thought it might be? When you're trying to find the right type of policy to protect your home, it can be a very confusing and long process. The most important thing you'll need to know to ensure you're getting the right policy for you is what each type of homeowners insurance can offer.

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