The Basics
This type of insurance pays for damage to your property if something happens.
What is Homeowners Insurance?
This policy is the most basic level of coverage available.
What is HO-1?
This kitchen disaster is one of the most basic covered events.
What is Fire?
Homeowners insurance costs roughly this much per month on the low end.
What is $160?
Lenders usually require insurance if you have this type of home loan.
What is A Mortgage?
This is the most common policy type, which covers everything except specific inclusions.
What is HO-3?
These two weather events involving wind or frozen rain are standard risks.
What are Windstorms and Hail?
On the low end, the yearly cost of insurance costs this amount.
What is $1900
This group of people needs insurance to lower the cost of break-ins or fires.
Who are property owners?
If you live in a condominium or a co-op, you would choose this policy number.
What is HO-6?
This rare geological event involving lava and ash is surprisingly covered.
What are Volcanic Eruptions?
On the high end, the yearly cost of insurance costs this amount.
What is $2800?
What is The Type of Home?
This policy is specifically designed for people living in mobile homes.
What is HO-7?
Most policies exclude these two disasters (one involves water, one involves shaking).
What are Floods and Earthquakes?
This is the maximum amount an insurance company will pay for a covered loss.
What is a Coverage Limit?
This term describes a property that is likely to have a loss or damage.
What is High Risk?
This policy is for homes where the replacement cost is higher than the cash value.
What is HO-8?
Broader insurance options add coverage for these, like a tree hitting the roof.
What are Falling Objects?
This is the highest level of coverage for a single-family home.
What is HO-5?