Kyle Rasmussen

Short answer: Homeowners insurance will not cover a dry well unless it results from another issue that is covered under your insurance policy, like a natural disaster. Key takeaways When … Read more

Yes, homeowners insurance covers chimney repairs if the damage is caused by a covered peril. However, insurance companies will not pay for the repair if the chimney is damaged due to normal wear and tear.

HO-7 is a home insurance policy designed for mobile and manufactured homes. It features a comprehensive open-peril protection for the main dwelling unit and mobile home extensions.

HO-6 is a special type of home insurance designed specifically for condominium owners. It is designed to work together with HOA master policies.

HO-5 homeowner’s policies provide the ultimate insurance for homeowners who want the highest degree of coverage. HO-5 homeowner policies provide all-around protection that includes full replacement value for your home and compensation for all personal belongings in the home.

HO-3 policy is the most popular home insurance plan in the US. It provides all-risk protection for your home’s structure and the other structures on your property. Learn more about HO-3 below.

The HO-2 homeowner’s policy is an insurance policy that provides a basic degree of protective insurance for homeowners. HO-2 homeowner’s policies are among the least popular types of home insurance because insurance companies are defaulting to the HO-3 and HO-5 policies.

HO-1 is the most basic named-peril home insurance policy which offers minimum protection for your main dwelling unit and other detached structures on your property.