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There are many different types of homeowners insurance policies available, and it can be difficult to decide which one is right for you. Here is a brief overview of some of the most common types of policies:
1. HO-1: Basic Form Homeowners Policy
This is the most basic type of homeowners insurance policy, and it covers your home against 11 named perils, including fire, wind damage, and theft.
2. HO-2: Broad Form Homeowners Policy
This policy covers your home against 16 named perils, including those covered by the HO-1 policy, plus additional ones such as ice and snow damage, and water damage from plumbing leaks.
3. HO-3: Special Form Homeowners Policy
This is the most common type of homeowners insurance policy, and it covers your home against all perils except for those specifically excluded in the policy.
4. HO-4: Tenants Policy
This type of policy is for tenants, and it covers your personal belongings against 16 named perils, including those covered by the HO-1 and HO-2 policies.
5. HO-5: Comprehensive Form Homeowners Policy
This is the most comprehensive type of homeowners insurance policy, and it covers your home and your belongings against all perils except for those specifically excluded in the policy.
6. HO-6: Condominium Unit-Owners Policy
This type of policy is for condo unit owners, and it covers your personal belongings and the interior of your unit against 16 named perils, including those covered by the HO-1, HO-2, and HO-4 policies.
7. HO-7: Mobile Homeowners Policy
This type of policy is for mobile homeowners, and it covers your home against all perils except for those specifically excluded in the policy.
8. HO-8: Older Homeowners Policy
This type of policy is for older homes, and it covers your home against all perils except for those specifically excluded in the policy.
1. HO-1: Basic Form Homeowners Policy
This is the most basic type of homeowners insurance policy, and it covers your home against 11 named perils, including fire, wind damage, and theft.
2. HO-2: Broad Form Homeowners Policy
This policy covers your home against 16 named perils, including those covered by the HO-1 policy, plus additional ones such as ice and snow damage, and water damage from plumbing leaks.
3. HO-3: Special Form Homeowners Policy
This is the most common type of homeowners insurance policy, and it covers your home against all perils except for those specifically excluded in the policy.
4. HO-4: Tenants Policy
This type of policy is for tenants, and it covers your personal belongings against 16 named perils, including those covered by the HO-1 and HO-2 policies.
5. HO-5: Comprehensive Form Homeowners Policy
This is the most comprehensive type of homeowners insurance policy, and it covers your home and your belongings against all perils except for those specifically excluded in the policy.
6. HO-6: Condominium Unit-Owners Policy
This type of policy is for condo unit owners, and it covers your personal belongings and the interior of your unit against 16 named perils, including those covered by the HO-1, HO-2, and HO-4 policies.
7. HO-7: Mobile Homeowners Policy
This type of policy is for mobile homeowners, and it covers your home against all perils except for those specifically excluded in the policy.
8. HO-8: Older Homeowners Policy
This type of policy is for older homes, and it covers your home against all perils except for those specifically excluded in the policy.
