Homes come in all different shapes, sizes and types. From mobile homes to bungalows, mansions and everything in between, insurance is a must. If you live in or near Bloomfield, NJ, E.S.T.I.R. Inc. has the right home insurance policy for you.
Home Insurance Types for All Domiciles
Do your due diligence when researching home insurance and you’ll find references to HO-1 through HO-8 insurance policies. These distinct home insurance policy forms differ by the type of home, coverage range and whether the policyholder rents or owns.
As an example, HO-1 insurance is the most generalized form of home insurance. This basic insurance policy covers the home’s structure including connected structures such as garages. The policy also covers home features and appliances. However, HO-1 insurance is not applicable to personal property, meaning it isn’t as robust as other options.
HO-3 is another popular form of home insurance as it covers single-family homes. This broad insurance protection covers structures and even belongings, spanning a wide swath of risks.
In contrast, HO-2 insurance provides less financial protection than a HO-3 home insurance policy. At the opposite end of the spectrum is the HO-5 policy that is more comprehensive, providing extensive coverage for single-family homes.
Coverage for Rented Homes, Condos and Mobile Homes
If you rent your home, you should be aware of HO-4 insurance policies. Also referred to as renters insurance, HO-4 policies are applicable to personal property, tenant loss of use and liability. Alternatively, HO-7 home insurance policies are specifically written for mobile homes and manufactured homes, providing coverage for non-permanent living structures.
Expand your search to insurance for condos and you’ll find HO-6 policies. Such coverage is applicable to interior structures, ranging from condo owners’ personal belongings to the studs.
Get Your Home Insurance Quote Today
Serving Bloomfield, NJ, E.S.T.I.R. Inc. has your home insurance needs covered. Reach out to us today for more information about affordable home insurance policies.
