Prepare for the Unexpected with Homeowners Insurance
At Senior Insurance Consultants we are here to make sure you get the right coverage for your home, or make sure you know what’s covered in case of an accident. So, make sure to talk to one our insurance advisors.
Types of Coverage
HO-1 - Basic Form
Basic form of homeowners insurance that financially protects the structure of your home against:
- Fire or Smoke
- Riots/Civil Commotion
- Aircraft Damage
- Automobile Damage
- Hail and the Wind
HO-2 - Broad Form
HO-2 policies cover not just the exterior of your home, but also your belongings and sometimes includes personal liability. HO-2 forms cover all of the same perils in an HO-1 policy, plus:
- Weight from Ice or Sleet
- AC Freezing and Other Household Systems That Freeze
- Accidental Cracking, Bulging, Tearing Apart from Pipes & Other Household Systems
- Accidental Damages Caused From Artificial Electrical Currents
- Accidental Overflow of Water or Steam
HO-3 - Special Form
HO-3 policies cover not just your home but also structures that are attached such as garages, decks, your personal belongings/assets and even your personal liability.
HO-4 - Rental Insurance
The belongings are usually covered against the same perils that are covered in the HO-2 Broad form policy.
HO-5 - Comprehensive
Last there is also ALE coverage which stands for Additional living expenses, this provides you coverage financially that can help you pay for hotel, food, or other living expenses if something were to happen to the place you rented. ALE covers your living expenses while you are away just remember there are limits on the amounts and time for ALE payments.
Learn More About Homeowners Insurance Plans
To learn more about homeowners insurance and which option is best suited for you, call Senior Insurance Consultants at 480-383-9349.