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Should I get Home Insurance? Can you afford it? What kind of coverage do you need? How much coverage do I need? If you are asking yourself similar questions, let us help you find the coverage and plan that's right for you at a price you can afford!


Home insurance gives legal coverage that protects the person's property against any types of damage. Also, it helps to reconstruct, replace or repair the damaged home. Various insurance companies give diverse types of home insurance policies. Many of these home insurance policies may come with significant discounts.

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Home Insurance

Home insurance gives legal coverage that protects the person's property against any types of damage. Also, it helps to reconstruct, replace or repair the damaged home. Various insurance companies give diverse types of home insurance policies. Many of these home insurance policies may come with significant discounts.

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Home Insurance

Home Insurance Policies Types:

HO-1 - Least Important Policy

It provides coverage for the following listed below, particularly mentioned in your policy. Also, it can give coverage for some valuable things like antic articles, painting or fixtures for an additional fee. Presently, this policy has now become obsolete in a lot of states.

  1. Fire or Lightning
  2. Windstorm or Hail
  3. Explosion
  4. Riot or Civil Commotion
  5. Aircraft
  6. Vehicles(unless caused by the insured)
  7. Smoke
  8. Vandalism or Malicious Mischief
  9. Theft (limit of liability on HO1 is usually $1,000)
  10. Volcanic Eruption

 HO-2 - Coverage Policy That's Limited

This policy gives limited coverage as well. It offers coverage for the following listed below. The policy is specifically made to provide coverage for mobile houses.

  1. Fire or Lightning
  2. Windstorm or Hail
  3. Explosion
  4. Riot or Civil Commotion
  5. Aircraft
  6. Vehicles
  7. Smoke
  8. Vandalism or Malicious Mischief
  9. Theft
  10. Volcanic Eruption
  11. Falling Objects
  12. Weight of Ice, Snow, or Sleet
  13. Accidental Discharge or Overflow of Water or Stream
  14. Sudden & Accidental Tearing Apart, Cracking, Burning, or Bulging
  15. Freezing
  16. Sudden & Accidental Damage from Artificially Generated Electrical Current

HO-3 Famous Policy

This is among the most popular home insurance policies types. It offers protection to home from every disaster. It protects structure and contents of the home. It gives coverage for the liability which may evolve because of routine use.

Also, it covers the risk of visitors who could confront you with accidents or injuries on the premises. Mortgage lenders often prefer this policy type.

H0-4 Policy of Tenant

This policy is meant for tenants. It usually comes at an affordable cost with a high level of coverage. It gives coverage for your apartment as well as other household contents like kitchen cabinets. This claims to cover casualties, which evolve from accidents or injuries of the passers-by or guests up to 150 feet of your residence.

HO-5 Policy

This policy is similar to HO-3. It offers coverage for any property holder as well as his property. It offers coverage for any causality as well, caused to the passers-by or guests. It claims to cover a broader area, and more many incidents as well as damages compared to HO-3.

HO-6 Condominium Owners' Policy 

It's a form of auxiliary policy for home insurance. Such types of insurance policies are meant for condominium owners. It gives coverage for the belongings of condominium owner and structural parts of their condominium. This policy covers the entire sixteen disasters too.

HO-8 Designed for Older Home

It is meant for older homes. It gives reimbursements for your damage depending on actual cost value. It means, it really pays in replacing the home or its possessions without deducting any depreciation value. Most times, it is difficult to get full replacement price policies for certain older homes.

Other Home Insurance Policies Types:

Guaranteed cost of replacement:

This policy gives the highest level of protection. Though, it goes above the limit of the policy and pays the whole cost to reconstruct your home after any form of disaster. The policy protects against any sudden increase in the cost of construction.

Construction costs might rise because of a shortage of materials for the constructing, after a disaster or unexpected case. But, this type of policy might not be accessible to the older homes as well.

Extended Cost of replacement:

This policy pays a certain percentage over your policy limit of reconstructing the home. For instance, people who buy this policy for let say $100,000 could get additional $25,000 in coverage.

Now, in all cases, you'll want to save cash. You can easily do by obtaining as many quotes as possible. Getting a quote is a free and quick way to save money right now.