Homeowner's Insurance - HO-1, HO-3
​

HO-1: Basic Named Perils Policy

The HO-1 Home Policy is the most basic and simple protection you can have. This policy will only protect you from 10 specific perils. If something happens to your home other than these ten perils, you are not covered. The ten perils are:

1. Fire or Lightning
2. Windstorm or Hail
3. Explosion
4. Riot or Civil Commotion
5. Aircraft
6. Vehicles (unless caused by the insured)
7. Smoke
8. Vandalism or Malicious Mischief
9. Theft (limit of liability on HO-8 is usually $1,000)
10. Volcanic Eruption

HO2: Broad Named Perils Policy

The HO-2 Home Policy provides broader coverage than the HO-2 policy. It still explicitly lists every peril you are protected against, but the list adds six more perils. This protection covers both your dwelling and your personal property. The sixteen perils are:

1. Fire or Lightning
2. Windstorm or Hail
3. Explosion
4. Riot or Civil Commotion
5. Aircraft
6. Vehicles
7. Smoke
8. Vandalism or Malicious Mischief
9. Theft
10. Volcanic Eruption
11. Falling Objects
12. Weight of Ice, Snow, or Sleet
13. Accidental Discharge or Overflow of Water or Stream
14. Sudden & Accidental Tearing Apart, Cracking, Burning, or Bulging
    
15. Freezing
16. Sudden & Accidental Damage from Artificially Generated Electric Current