What to Know About the Different Types of Homeowners Insurance

Are you a first-time homebuyer? If so, congratulations!

After all, owning a house is a big part of the American Dream and a lot of responsibility. There are plenty of details to be aware of, including scheduling annual maintenance on your HVAC system, making sure your pipes don’t freeze during the winter and buying enough homeowners insurance to cover any potential damage.

This article takes a look at the different types of homeowners insurance that you need to know about. Keep reading to get the inside scoop on choosing the right type of policy to properly protect your home. 


This is the most basic type of policy offered by homeowners insurance companies. It provides coverage for the structure of your house, attached structures such as your garage, appliances, and interior features like carpeting.

Keep in mind that this type of policy doesn’t cover your personal belonging, any liability, or any additional living expenses during the repair of your home.


This type of policy overs broader coverage than HO-1. An HO-2 policy includes coverage for your home, personal belongings, as well as liability coverage in certain circumstances. 


HO-3 is the most common type of homeowners coverage. This type of policy covers your home, personal property, liability, medical payments, and additional living expenses.


This type of insurance policy is also known as renters insurance. Do you live on rental property? If so, you’ll definitely want to invest in a policy to protect your possessions in case of fire, flooding, or other types of unexpected disasters.

It’s incredibly important to understand that your landlord isn’t responsible for damage to your personal property that gets stolen or damaged.


Here is a type of homeowners policy that is often considered the gold standard. After all, it provides coverage for the entire home, personal belongings, liability, medical payments, and additional living expenses, as well as higher limits for valuables like expensive jewelry.

Be sure to check out homeowners policies on insurancehub.com.


This type of homeowners policy provides coverage for condo owners. HO-6 will cover everything inside your unit, while also providing coverage for personal liability and living expenses.


Here is a special type of homeowners policy designed to cover mobile or manufactured homes. This includes trailers, RVs, Modular homes, and sectional homes. An HO-7 policy covers your home’s structure, personal belongings, liability, medical payments, and living expenses.


The last type of homeowners insurance is known as an HO-8 policy. This type of coverage is designed for older homes or homes that would be impossible or incredibly costly to replace, including architecturally significant homes or homes that are considered historical landmarks, as well as homes built with materials or methods that cannot be reproduced using current technology.

A Complete Guide to the Different Types of Homeowners Insurance

Owning a home might feel like a dream come true, but it’s also a lot of responsibility. Fortunately, this list of the types of homeowners insurance will help you protect your property when disaster strikes.

Keep scrolling to discover more great lifestyle tips and advice on this blog.

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