What does Basic Homeowners Insurance Cover?
The most basic homeowners insurance policy is HO-1, but that policy isn’t even available in some states because its coverage is so limited. For the most part, HO-2 insurance is considered basic homeowners insurance now, and it covers lots of different things. If you’re wondering what basic homeowners insurance covers, here’s a quick list of what HO-2 homeowners insurance will take care of: • Falling objects; includes damage from the weight of ice and snow • Damage from water from your home’s plumbing • Fire • Smoke • Electrical damage to appliances • Theft/burglary • Vandalism • Volcanic eruption • Water heater and heating system ruptures • Windstorm • Riot/civil commotion Beyond this, almost all basic homeowners insurance policies will cover legal expenses if someone sues you for getting hurt on your property, although amounts and limits on this sort of coverage vary from company to company. If you think this is a comprehensive list of what basic homeowners insurance should cover, you
