Cheap home insurance

Fire, storm, hurricane or any other calamity can destroy your home, your family, your loving pets and all valuable possessions.

Why take a chance when you can pass on the risk and get cheap home insurance. No risk, no tensions on your mind. Getting cheap home insurance is easy once you know what home insurance coverage is right for you.

Home insurance coverage or Home owners coverage

Cheap home insurance can be obtained once you know what coverage you want to go for. It is necessary to have a comparison of the home insurance in terms of policies and also the price.

The home insurance coverage is commonly known as HO-1, HO -2…. for the purpose of insurance. HO stands for the Home owners insurance and the number 1,2 … indicates the type of coverage. The home- owners insurance coverage are HO1, HO2 and HO 3 .The most popular home insurance is the HO-3, which is the best and most broad coverage. You can even cover your risk associated with renters if you have multiple homes on this policy with an endorsment.

HO-1 is a limited coverage policy and is not available in most states. It covers 10 disasters: fire and lightening, windstorm or hail, explosion, riot or civil commotion, damage caused by air craft, damage caused by vehicles, smoke, vandalism or malicious mischief, theft and volcanic eruption

HO-2 is a basic policy which covers all 16 disasters. All for HO-1 and falling object, weight of ice, snow or sleet, accidental discharge or overflow of water. This is specially designed for Mobile homes.

HO3 is a broad coverage which protects your home from all perils except those which are excluded. It provides you property and personal liability coverage and the coverage included is:

a) Coverage for the structure of your home. – This will provide coverage for your home. Also most standard polices would cover detached structures like a garage, tool shed or gazebo. Generally, these structures are covered for about 10% of the amount of insurance you have on the structure of your home.

b) Coverage for your personal belongings. This covers the contents of the house and personal belongings. For more details on this visit

c) Liability protection. Liability protection provides you coverage when a third party other than your household member has a bodily injury or property damage as a result of any member of your household or your property. This would include your dog also, however, this would be subject to the terms and conditions of the policy. It would be best to clarify with the insurance company the coverage for your dog since the coverage would vary from company to company.

d) Additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster. Many policies provide coverage for about 20% of the insurance on your house. You can increase this coverage, however, for an additional premium. Some companies sell a policy that provides an unlimited amount of loss-of-use coverage, but for a limited amount of time.

The HO3 policy is all perils coverage. All perils is a word which is deceptive and it is best to know the exclusions for this coverage. The exclusions will let you know what is not covered. Check your policy for a complete list of perils excluded.

HO-8 is the coverage for old homes. This coverage would provide you with actual cash value basis at time of loss. This would mean that you would be covered for the replacement cost less depreciation value. Replacement cost is not provided here.

Once you decide on the coverage you want you can using an online tool for home insurance quote is both easy and free here.