A lot of people frequently ask this question that how many types of homeowners insurance are there. People these days are keen to find out everything they can about home insurance so that they can make informed decisions. If you have the right knowledge you will be able to select the home insurance plan that suits your needs. Let’s discuss the various types of home insurance in more detail.

Basic Home Insurance

HO-1 as it is known is the most basic type of home insurance plan that you can get. This policy is very basic and it covers your home against 11 major risks. Some common risks include fire, theft, vandalism, riots, volcanic eruption and windstorms.

Broad Home Insurance

Broad home insurance as the name mentions is a type of insurance that covers more than just the basic risks. In total broad home insurance offers you protection against 17 risks. This may include cost of structural damage to the house, overflow of plumbing systems and damages to power surges etc.

Special Home Insurance

The third type of homeowners insurance that you can get is often referred to as special home insurance. As part of a special insurance plan you can have certain things excluded from the costs such as earthquake damage etc.

Premiere Home Insurance

Premiere home insurance gives you excellent coverage for all your belongings. As part of the Ho-5 package you are fully covered for all causes unless they have been excluded upon your request.

Older Homes Insurance

Another type of insurance plan that you can get is the older homes insurance plan. This package is specially designed for people living in old houses. If you live in a 18th or 19th century home then this plan might work for you. As part of this plan the insurance company will pay all costs of damage to your house.