Home Insurance Comparison

Terminology Homeowner’s Condominium Renter’s
General Description Dwelling, liability, personal injury, and personal property in the event of loss and/or damage. Liability, personal injury, and personal property coverage in the event of loss and/or damage. Liability, personal injury, and personal property coverage in the event of loss and/or damage.
Policy Type HO-3 HO-6 HO-4
Typically Covered
  1. Physical structure
  2. Personal property
  3. Liability exposure
  4. Medical expenses for injuries caused on the premises
  5. Many natural disasters
  1. Personal property
  2. Certain property improvements (i.e. additions, private garage, balconies)
  3. Liability exposure
  1. Personal property
  2. Liability exposure
  3. Additional living expenses (if occurrence was a named peril)
Typically NOT Covered
  1. Floods
  2. War
  3. Nuclear Hazard
  4. Wind Damage (certain geographic areas)
  1. Any event listed in the policy’s “Exclusions” section, including:
    1. Earthquakes
    2. Floods
    3. Power failure
    4. Neglect
    5. Nuclear hazard
    6. War
    7. Intentional Acts
  2. Common areas such as stairs, elevators, roof
  1. Any event not listed as a named peril, specifically:
    1. Earthquakes
    2. Floods
    3. Power failure
    4. Building code enforcement
    5. Neglect
    6. Nuclear hazard
    7. War
    8. Intentional Acts
  2. The physical structure
Coverage Considerations Coverage for any person named on the policy, non-tenant residents of the home, guests or visitors Coverage only for “named perils” Coverage for 17 specific “named perils”
Of Special Note Mortgage lender typically requires coverage. Pay special attention to the “loss assessment” portion of your policy. Pay special attention to the “pay out” limitations of your policy.

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