What are the most common types of Homeowner's Insurance?

By
Real Estate Agent with Re/Max Preferred Associates, Toledo, OH 353315

 Homeowners -  Basic Policy This type of policy insures your home and contents against items that you have listed.

Homeowners -  Broad Form Policy, This type of policy insures your home and contents against the same items in the Basic Policy.  In addition, there are other types of damage you may have such as damage from snow or ice, plumbing leaks, electrical damage to appliances, freezing of plumbing pipes, malfunctioning water heaters and heating systems, and items that may cause damage from falling..

Homeowners - Special Form Policy is the most widely used policy by homeowners. This policy covers your home for all risks of physical loss, except those that are specifically excluded, such as flood, earthquake, war, nuclear accident, etc.

Source:  http://homeguides.sfgate.com/types-homeowners-insurance-policies-2693.html

               http://www.affordable-home-insurance.org/?adv=130&tk=NyBTZWFyY2gsQWxsIFdlYiBMZWFkcyxIb21lIEluc3VyYW5jZSAtIEFmZm9yZGFibGUsaG9tZW93bmVycyBpbnN1cmFuY2UsaG9tZW93bmVycyBpbnN1cmFuY2U%3d

                    http://www.naic.org/documents/consumer_guide_home.pdf

Posted by
LINDA SABO, REALTOR
RE/MAX PREFERRED ASSOC.
Office:  (419) 867-8022
Mobil:  (419) 481-3117  
http://HomesForSaleLucasCounty.com
sabo@HomesForSaleLucasCounty.com
 
 
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Rainer
3,225
Lewis Remington

Thanks for sharing! My wife and I are looking to buy our first house soon, and we want to make sure we get the right kind of homeowners insurance. I think we'll go with the broad form policy since we need to have flooding insurance, and that's not offered by the other two policies. Better to be safe than sorry! http://centralins.com/homeowners-insurance-austin-tx/

Jan 27, 2015 04:37 AM #1
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Rainmaker
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LINDA SABO

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