| What separate kinds of policies are available for | | | | offers more coverage for diverse events. |
| homeowners? you are getting ready to buy a | | | | Theft and damage caused lightning are just two |
| home or thinking that you may need additional | | | | of the incidents generally covered in most basic |
| coverage. There are a number of different | | | | home insurance policies. Some occurrences, such |
| policies that are written in the US you will see a | | | | as floods and earthquakes, most likely are not |
| little information about each type. | | | | covered. |
| Paperwork for homeowners insurance must meet | | | | If your reside in a earthquake or flood prone |
| a standard that makes them consistently easy to | | | | area, special insurance needs to be purchased. |
| use for customers. forms are provided by the | | | | Most polices include fire insurance, but the home |
| Insurance Services Office or the ISO. There are | | | | has to have fire extinguishers and smoke |
| letter and number combinations, with HO being | | | | detectors to qualify. |
| the letters the numbers range from 1 - 8 for the | | | | General property covered by regular policies, while |
| different types of available policies. | | | | in some cases, the individual may want a special |
| The typical homeowner's coverage is called HO-3, | | | | rider an HO-1 Covered for a mainly valuable item. |
| and may at times be called 'all risk' or 'open peril' | | | | A painting of high value, for example, may need |
| insurance. This and other policies of this nature to | | | | an additional rider. Certain "parts" of a home might |
| cover loss of property, the residential tenants and | | | | need extra coverage. For instance, you may just |
| their property, for specific events. The policy | | | | be able to get coverage for an inside swimming |
| must state what events are covered and in what | | | | pool with an HO-2 rider. |
| amount. HO-5 is a policy that resembles that, yet | | | | |