There are eight types of homeowners insurance based on your home type. The most common insurance types are condo, renters, and homeowners insurance.

Your home insurance policy type will determine whether or not your dwelling and personal property are covered on a named or open peril basis. Generally, perils are covered as: The policy you ...

Data released by the state of Florida shows more and more homeowners are opting for an alternative form of home insurance — ...

There are two types of perils: named perils and open perils. Named perils are damages listed in your policy. A homeowners insurance policy has 16 named perils. A few common perils are fire ...

However, some specific perils are almost always excluded from home insurance dwelling coverage, most notably floods and earthquakes. If you have what's called an open-peril policy, these exclusions ...

DP-2: Provides replacement cost or actual cash value coverage and adds additional perils, such as wind, hail, vandalism and damage from burglary. — DP-3: Often called “open peril” coverage ...