From Insurance Lounge

Homeowners insurance is designed to protect your home from harm or “perils”. You can typically purchase three different types of home insurance policies including:

  • Homeowners 1 (HO1): Covered against 11 basic perils.
    • Fire or lightening
    • Loss of property on premises due to fire or other perils
    • Vehicles
    • Windstorm or hail
    • Smoke
    • Explosions
    • Theft
    • Vandalism and malicious mischief
    • Riot or civil comotion
    • Aircraft
    • Breakage of glass
  • Homeowners 2 (HO2): Protects your property against 18 perils (including 11 perils from Homeowners 1).
    • Everything included with HO1
    • Collapse of buildings
    • Weight of ice, snow or sleet
    • Freezing of plumbing, heating and air conditioning systems and domestic appliances
    • Falling objects
    • Accidental discharge, leakage or overflow of water in plumbing or air conditioning system
    • Sudden and accidental tearing apart, cracking, burning or bulging of steam or hot water heating system or of appliances for heating water.
    • Damage from electrical currents to appliances
  • Homeowners 3 (HO3): Your property is protected against most known perils
    • Everything in HO1 and HO2
    • All perils except for flood, earthquake, war, nuclear accident (check your policy for the complete list of exceptions)