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Empower Yourself By Understanding What Type Of Homeowner’s Insurance You Have

Posted by on Dec 4, 2014 in Uncategorized | 0 comments

When most people discuss homeowner’s insurance with their insurance agent, they discuss what level of coverage they want and how different factors ultimately influence their premium. However, did you know that there are actually different levels of homeowner’s insurance? Understand the types of homeowner’s insurance you can purchase and how your insurance is actually classified can help you better understand your coverage and negotiate your rates. HO Designation To start with, each type of homeowner’s insurance is designated with the abbreviation of HO followed by a number. Your insurance agent uses that information to identify the type of policy that you have. The dollar amount you are covered by varies depending on what you choose and pay for all of the types of insurance listed below. HO-1 HO-1 insurance is generally referred to as basic homeowners insurance. It covers...

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