Homeowners Insurance Companies

Home Insurance Offers:

Free Homeowners Insurance Quotes
Get your fee homeowners insurance quote and save money on your homeowners insurance.

Home Insurance Quotes
Get competitive home insurance rates and free quotes from home insurance providers in your area fast.

Home Owners Insurance

“Home Insurance” or “Hazard Insurance” as it is also known, is any type of property coverage on a private home. This specific insurance could cover multiple protections such any loss or damage to the home as well as its contents or personal belongings. Home owners insurance also extends to any liability from an injury do to an accident within the home. Costs for various coverage plans depend upon the general replacement cost of the home, as well as any “riders” (modifications to add specific items or instances for coverage) which are added to the policy at the request of the policy holder. Most often, any claims for damage as a result of an “Act of God” I.E an earthquake, flood, hurricane, or even damage from an instance of war, will not be a part of the original policy and therefore not paid. Specific insurance can be purchased separately for such instances as a flood or earthquake, although the cost for this type of insurance will vary greatly by the current market value of the home. In such instances, the insurance company will appraise the value of the home and the cost will be then added to the policy premium. Of the many different types of coverage, there are now 7 standardized home owner insurance programs created by the ISO (Insurance Services Office).

Types of Homeowners Insurance

Homeowners insurance, is an insurance policy that combines various personal insurance protections which can include losses occurring to one's home, its contents, loss of its use, loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home. Types of Homeowner Insurance;
HO-1
HO-1 homeowners insurance is a limited policy that offers varying degrees of coverage but only for items specifically outlined in the policy. These might be used to cover a valuable object found in the home, such as a painting.
HO-2
Similar to HO-1, HO-2 homeowners insurance is a limited policy in that covers specific portions of a house against damage. The homeowners insurance coverage is usually a "named perils" policy, which lists the events that would be covered. As above, these factors must be spelled out in the policy.
HO-3
HO-3 Homeowners insurance policy is the most common written for a homeowner and is designed to cover all aspects of the home, structure and it contents as well as any liability that may arise from daily use as well as any visitors who may encounter accident or injury on the premises. Covered aspects as well as limits of liability must be clearly spelled out in the policy to insure proper coverage. The insurance coverage is usually called "all risk". Also called an "open perils" policy.
HO-4
HO-4 Homeowners insurance is commonly referred to as renters insurance or renter's coverage. Similar to HO-6, HO-4 homeowners insurance policy covers those aspects of the apartment and its contents not specifically covered in the blanket policy written for the complex. This home insurance policy can also cover liabilities arising from accidents and intentional injuries for guests as well as passers-by up to 150' of the domicile.
HO-5
HO-5 Homeowners insurance policy, similar to HO-3, covers a home (not a condo or apartment), the homeowner and its possessions as well as any liability that might arise from visitors or passers-by. This homeowner insurance coverage is differentiated in that it covers a wider breadth and depth of incidents and losses than an HO-3.
HO-6
As a form of supplemental homeowner's insurance, HO-6, also known as a Condominium Coverage, is designed especially for the owners of condos. It includes coverage for the part of the building owned by the insured and for the property housed therein of the insured. Designed to span the gap between what the homeowner's association might cover in a blanket policy written for an entire neighborhood and those items of importance to the insured, typically the HO-6 homeowners insurance covers liability for residents and guests of the insured in addition to personal property. The liability coverage, depending on the underwriter, premium paid, and other factors of the policy, can cover incidents up to 150' from the insured property, all valuables within the home from theft, fire or water damage or other forms of loss. It is important to read the Associations By-laws to determine the total amount of insurance needed on your dwelling.
HO-7
HO-7 Homeowners insurance is for mobile home owners.
HO-8
HO-8 Homeowners Insurance is usually called "older home" insurance. It lets house owners with higher replacement cost than the market value insure them at the lower market value rate.

Terms & Conditions | Privacy

FindInsuranceCompany.com