Homeowners

Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.

Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.

Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners' responsibility.

HO-2: Basic policy designed for Mobile Homes

HO-3: The most popular policy This “special” policy protects your home from all types of losses except those specifically excluded

HO-8: Older home Designed for older homes this is an actual cash value policy

HO4-Renter Created specifically for those who rent the home they live in.

H0-6: condo/co-op A policy for those who own a condo or co-op, it provides coverage for your belongings and the structural parts of the building that you own.