by Janet Hunt
Homeowners insurance will replace your home and its contents in certain cases.
Homeowner Policy Types
What claims you can make on your homeowners insurance will depend on what type of policy you have. Different homeowner policies fall under basic, broad (named-perils) or special (open-perils) coverage. A basic homeowners insurance policy form provides the least amount of coverage, providing coverage against losses caused by fire or severe storm damage. The broad form policy covers perils specifically named in the policy. The special or open-perils homeowners policy provides the greatest coverage against losses. With the open-peril policy, all losses are covered unless specifically excluded in the policy.
Property – Dwelling & Personal
Loss of Use
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