Types of Florida Homeowners Insurances Plans
HO-1: This is an older type of policy that is rarely sold in todays marketplace.
HO-2: Homeowners 2, (Broad Form) is a named-perils policy that covers specific perils within the policy.
HO-3: Homeowners 3, (Special Form) is the most common policy purchased, which is known as an open perils policy that will cover items like direct damage to the house or other structures.
HO-4: Homeowners 4, (Contents Broad Form) is a modified HO-2 policy that is for renters, apartments, or houses.
HO-5: Homeowners 5, (Comprehensive Form) is a perils policy that includes direct damage or loss to personal items or property.
HO-6: Homeowners 6, (Unit-Owners Form) is another modified HO-2 policy that is designed for condominiums or cooperatives.
HO-8: Homeowners 8, (Modified Coverage Form) is the policy for you if you have an older home. If your replacement cost is much higher than the value, HO-8 is for you.
There are various types of residential insurance including homeowner, condominium, renters and mobile home. All of these types provide property and liability coverage.
The property coverage insures against perils such as fire, wind, hail, vandalism, and theft. The perils covered depend on the type of policy you purchase.
Keep in mind that your homeowner policy does not include coverage for flood: Click Here For Flood Quotes