When you contact HighPointe Insurance Services LLC for homeowners insurance, you might think there’s just one type, but you have four choices: HO-1, HO-2, HO-3, and HO-8 coverage.

What makes the four homeowners insurance options so different? Each level of insurance covers a different number of perils.

What’s an insurance peril?

The term peril refers to natural and human-induced hazards. Examples of perils include fire, tornado, hurricane, and vandalism. Insurance policies cover specific perils, so if you need to cover a variety of situations that threaten Overland Park, KS frequently choose a policy with a higher peril coverage level.

Guide to Homeowners Policy Options

In Kansas, tornados occur with some frequency. Droughts and floods also happen with some climatic regularity. That doesn’t mean that completes the list of potential perils you need a policy to cover. Here’s a quick guide to home policies to cover homeowners.

HO-1

An HO-1 policy covers 11 specific perils only. This named-peril policy includes:

Aircraft crash
explosion
Fire and lightning
Glass that’s part of the home, such as windows
Riots and civil commotion
smoke
theft
Vandalism and malicious mischief
Vehicle collision
Volcanic eruptions
Windstorms and hail.

Very few companies still offer this limited coverage.

HO-2

An HO-2 policy also offers only named peril coverage. It covers all the perils of an HO-1 policy, plus the following:

Falling objects
Water damage is caused by accidental overflow of plumbing, heating, ventilation, air conditioning (HVAC), or household appliances.

HO-3

Most homeowners choose the HO-3 policy, called an all-perils policy. If anything except rising water flood damages a home, this policy covers it.

HO-8

Also called historical home coverage, the HO-8 policy covers the same perils as an HO-1 policy. Only owners of historical homes and architecturally significant homes can qualify for this policy.