Tierra Antigua Realty
With all the different types of homeowners insurance, the process of choosing a policy can be confusing.
To help, here’s a basic guide to some major types of insurance policies.
HO-1 insurance is the simplest of policies offered. It only covers your home structure and a few home features.
It also covers attached structures such as garages and patios. This policy offers funding in the case of storms, fire, wind damage, theft and a few other peril categories.
HO-1 insurance doesn’t cover personal belongings, however. So if your computer or furniture is damaged during a storm, replacement cost would need to be covered by another policy.
An HO-2 insurance policy offers a wider range of coverage. It provides financial security to home structure and personal property.
An HO-3 home insurance policy is the most common homeowners insurance type. In addition to coverages seen with HO-1 and HO-2 policies, it covers additional items. These include liability, payments for medical bills and living expense stipends.
HO-4 is a policy offering protection to the personal property of individuals renting a space. It is not technically a homeowners insurance policy, but important for renters to have.
Consider your home needs when purchasing homeowners insurance. Protect your property and belongings with the right insurance.
The Gavlick Group at Tierra Antigua Realty helps first-time and experienced residential home buyers and sellers with one of the most important transactions they will undertake in their lifetime. We also serve investment buyers and sellers and long-distance buyers looking to relocate to The Land of the Sun. Full-time dedicated Realtors with exceptional negotiating skills and national and local knowledge and experience, are the pillars we build upon for a successful and stress-free transaction for our clients. In addition to utilizing the latest technologies available to assist home buyers and sellers, customer relationship management, and virtual internet tours and searches, our team continues to broaden its knowledge and certifications to better assist our clients. Our designations include Associate Broker, Chartered Real Estate Consultant, Accredited Buyers Representative, GREEN certification, and Short Sale and Foreclosure Resource Certification. Our goal is to 'Turn Dreams Into Addresses' for our clients!
