HO-1
Basic homeowners policy
Covers your house and possessions against 11 different perils.
HO-2
Broad homeowners policy
Covers house and contents against 17 perils, with premiums running about 5 percent to 10 percent more than an HO-1 policy.
HO-3
Special homeowners policy
Covers all perils except those specifically excluded by the policy. Costs 10 percent to 15 percent more than an HO-1 policy.
HO-4
Renters Policy
Covers 17 named perils and includes liability coverage. It does not insure the dwelling itself.
HO-5
Extensive homeowners policy
Covers damage from practically everything except earthquakes, wars and floods.
HO-6
For owners of co-ops or condominiums
Provides personal property coverage, liability coverage and specific coverage of improvements to the owner’s unit. Insurance provided by the owner’s association normally covers most of the actual structure.
HO-8
Policy for older homes
Covers the same perils as HO-1 but pays only for repair costs or actual cash value, since replacement cost could make the policy costly.

These policies are standard except in Texas, where the state insurance board specifies three types of policies listed below.

HO-A
Covers your home and possessions against named perils only, for actual cash value.
HO-B
Covers the dwelling for all perils unless excluded against all risks and contents against named perils. The house is covered for replacement cost up to policy limits, while contents are covered for actual cash value unless you buy additional replacement cost coverage.
HO-C
Covers house and contents against all risks not specifically excluded by the policy. Again, the house is insured for replacement cost up to policy limits, while contents are covered for actual cash value unless you buy additional coverage.

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