As fires like the ones in Spring Hill and Brookridge make headlines, it’s clear that lithium-ion batteries are a household ...

Named peril coverage can apply to your dwelling and personal property coverage, depending on what policy form you have. The most common policy form, HO-3 policies, usually cover personal property ...

All perils vs. named perils coverage. Nearly every homeowners insurance policy protects against multiple perils, but some only cover specifically named perils. This selective coverage is called "named ...

Open Perils vs. Named Perils Unlike HO-1 and HO-2, which only provide coverage for specific, named perils, HO-3 home ...

A standard homeowners insurance policy lists the following 16 events as named policy perils: Switch Auto Insurance and Save Today! The Insurance Savings You Expect . Learn More.

Learn about insurance perils, what they cover, and how they affect your policy. Understand the different types of perils and how to ensure adequate protection.

An HO-2 policy, also called the broad form, offers more coverage than an HO-1 but less coverage than an HO-3. Like the HO-1, an HO-2 is a named perils policy, so your dwelling is only covered for the ...

HO-6 policy; HO-7 policy; HO-8 policy; Named Peril vs. Open Peril Policies. To better understand how the different types of home insurance work, it’s important to know how they’re set up.

A named perils insurance contract only covers the perils specifically stipulated in the policy. For example, an insurance contract might specify that any home loss caused by fire or vandalism will ...

The most common type of homeowners insurance policy is the standard HO-3 Special Form policy. HO-5 policies offer the broadest coverage of all policy types. Open peril coverage means losses are ...

There are nine main types of home insurance policies, each with an associated label ranging from HO-1 to HO-14. They’re designed for different home types and coverage needs.