3 Most Common Types of Insurance
There are many insurance plans available to offer coverage for various sorts of damage or accidents. All families should have at least one of those three. Types of Homeowners Procedures Homeowner's insurance falls under one of six categories. HO-1 and HO-2, because they are more commonly known, cover the particular property against specifically listed destruction. These policies vary as to what damage is covered, and neither shields belongings located on the property. HO-2 forms offer more coverage than an HO-1. HO-3 protects against all types of harm, not simply specifically listed destruction. In addition, it protects a choose set of belongings located within the structure from specific damage. HO-4 and HO-6 cover only belongings. Tenants use these policies as the landlord or management company holds coverage on the dwelling. Just like HO-1 and HO-2, HO-6 offers greater protection than HO-4 and is more expensive. HO-5 is similar to HO-3 in that it covers the ...