| Did you know that several types of homeowners | | | | nuclear accident. It is the most commonly |
| insurance are available to you? So what's the best | | | | purchased Homeowners coverage. |
| type of insurance for your needs and where can | | | | * Tenant's policy (H0-4) insures a renter's |
| you get the best rate? | | | | household contents and personal possessions |
| Homeowners Coverage Forms | | | | against the same perils as an HO-2 policy. |
| The common types of homeowners insurance | | | | * Condominium Coverage (H0-6) insures a condo |
| coverage include: | | | | owner's household contents and personal |
| * Basic Coverage (HO-1) protects homes, | | | | possessions against the same perils as an HO-2 |
| detached structures, and personal property from | | | | policy. |
| losses caused by fire or lightning, wind or hail, | | | | * Older Home (H0-8) covers older homes with |
| explosion, riot or civil unrest, aircraft, vehicles, | | | | historic value. This type of policy pays for repairs |
| volcanic eruptions, smoke, theft, vandalism or | | | | of insured items or offers actual cash value |
| malicious mischief, and self-damaging instances | | | | rather than rebuilding or replacement costs. |
| (such as part of a building falling and damaging | | | | Where to Get the Cheapest Rate Quotes |
| another part of the building). | | | | To find the best rates for any type of |
| * Broad Coverage (H0-2) adds additional perils to | | | | homeowners policies, you need to compare |
| the HO-1 coverages, such as snow, falling objects, | | | | quotes from several companies. The fastest and |
| electrical surges, and freezing of or accidental | | | | easiest way to do this is through an insurance |
| discharge of water from a household appliance or | | | | comparison website. On these websites, you fill |
| from the plumbing, heating, or air-conditioning | | | | out a form with your home information, and then |
| system. | | | | you will get quotes from different A-rated |
| * Special Form (H0-3) protects your home, | | | | insurance companies. You can then compare |
| detached structures, and personal property from | | | | those quotes and decide which company you |
| all perils except flood, earthquake, war, and | | | | want to use for your insurance. |