Home Insurance Policy provides coverage for damage or destruction of the policy holder's home. In some geographical area, the Home Insurance Policy may exclude certain type of risks, such as flood or earthquake that requires additional coverage. Maintenance related issue are typically the home owner's responsibly. The Home Insurance Policy may include inventory, or this can be bought as a separate policy, especially for the
people who rent house. In some countries, insurer offers a package which may include liability and legal responsibility for injuries and property damage caused by member of the house hold, including pets.
people who rent house. In some countries, insurer offers a package which may include liability and legal responsibility for injuries and property damage caused by member of the house hold, including pets.Currently the ISO has Seven standardized homeowner insurance forms in general use:
- HO1-Basic Form Home Owner Policy
- HO2-Broad Form Home Owner Policy
- HO3-Special Form Home Owner Policy
- HO4-Renter's Insurance
- HO5-Premier Home Owner Policy
- HO6-Condo minimum Policy
- HO7- Older House
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