Ask an Agent
Have a question? We're here to help.
Ask an agent for free
Question

What's the difference between HO-2, HO-3, HO-4, HO-5 and HO-6 policies?

I'm looking for homeowners insurance and I'm getting confused by these numbers. What do they mean?

Apr 14, 2019 Bedford, OH

Answer
Author profile picture

The Zebra

The nation's leading independent insurance comparison site

The Zebra is an independent insurance advisor and quote comparison site with headquarters in Austin, Texas. Utilizing its real-time quote comparison …

Good question! These numbers correspond to either home, renters, or condo insurance. Here is a simple breakdown:

HO-1Basic form — this only covers you from 10 named perils. "Named-peril" means that your home and personal property are covered against losses that are expressly listed on your policy. Any loss that occurs outside of that list would not be covered by the policy. The 10 named perils are:

  • Fire or smoke
  • Explosions
  • Lightning
  • Hail and windstorms
  • Theft
  • Vandalism
  • Damage from vehicles
  • Damage from aircraft
  • Riots and civil commotion
  • Volcanic eruption

HO-2 — Designates a "broad form" homeowners insurance policy that provides insurance coverage on a "named-peril" basis. There are 16 covered perils on a broad form policy. They are:

  • Lightning or fire
  • Hail or windstorm
  • Damage caused by aircraft
  • Explosions
  • Riots or civil disturbances
  • Smoke damage
  • Damage caused by vehicles
  • Theft
  • Vandalism
  • Falling objects
  • Volcanic eruption
  • Damage from the weight of snow, ice, or sleet
  • Water damage from plumbing, heating, or air conditioning overflow
  • Water heater cracking, tearing, and burning
  • Damage from electrical current
  • Pipe freezing

HO-3 — Designates a "special form" homeowners insurance policy that provides insurance coverage for the structure of your home on an "open-peril" basis. "Open-peril" means that you are covered against all losses except those that are expressly excluded in your policy. It's important to note that your personal property is still covered on a "named-peril" basis with an HO-3 policy. This is the most common type of policy.

HO-4 — Simply speaking, this policy type describes a renters insurance policy. Typically with these policies, your liability and your personal property are covered up to the policy limits. This is an ideal policy for someone renting an apartment or house.

HO-5 — Designates a "comprehensive form" homeowners insurance policy. This policy type covers both your home and personal property on an "open-peril" basis. This is the broadest form of home insurance available. Given the comprehensive levels of coverage, this isn't as common of a home insurance policy as an HO-2 or HO-3 policy but is highly encouraged if you have valuable belongings.

HO-6 — Designates a condo insurance policy. These policies generally cover your personal property and the structure of your condo from the wall studs in. You should still consult with the agent quoting a policy for your home and ask about the specifics of how that policy would apply.

Check out our in-depth guide to homeowners insurance for more information. If you're shopping for car insurance, use The Zebra to view multiple auto quotes and find the best rate.

Ask an Agent
Have a question? We're here to help.
Ask an agent for free

Insurance is complicated, but it doesn't have to be.

The Zebra searches all of the top insurance companies, in one place, so you can compare the cost and coverage you need to protect your car, home and other property.

Step 1: Tell us a little about yourself

Choose an insurance product and enter your zip code to get started. No phone number required.

Step 2: Sip your coffee while we find the best quotes

Enter the necessary information and then sit back while we find quotes from 100 top insurance carriers.

Icon Fill Form

Step 3: Compare your quotes

Compare quotes side-by-side to find the right match for you, whether it's home, auto, or more.

Icon Agent

Step 4: Let our agents do the hard work for you

Once you pick your policy, our agents are here to get you over the finish line. Then just relax and enjoy your savings.

Compare home insurance rates today!

Location pin icon
No junk mail. No spam calls. Free quotes.

Related Questions

Other people are also asking...

Do I need a police report to file a claim with insurance if I damaged my own vehicle?

You do not need a police report to open a claim. Since it was a single-vehicle accident, you will be charged as at-fault if the claim is paid, which would result in a higher premium. I would get an estimate for the damage and see if it's worth filing a claim for, and possibly pay out-of-pocket…
Jan 16, 2020 Hillsboro, OH

Can I pro-rate a car if I add it to an existing policy?

Thanks for reaching out to The Zebra! Adding multiple vehicles and changing policies can be a little confusing, so we're happy to help. The answer is yes, the insurer will pro-rate the change to the plan and add the new vehicle to the existing term. Usually, adding another car just takes a sim…
Jul 7, 2018 Orlando, FL

Can lienholder be responsible in car accident?

If you keep the car registered in your name, there is a possibility that you could be held liable for damages that exceed the driver's policy. It is not common, however, there is still a chance. If you do let your friend take over the payments, make sure you are listed as an additional interes…
Jan 12, 2019 Cincinnati, OH

Can I remove a vehicle from my policy if it is broken down?

If the vehicle isn't being driven then you don't have to insure it. However, Florida requires any registered vehicle to be insured so you may need to suspend the vehicle registration as well if you decide to remove it from your policy. I would recommend contacting the registration office …
Jul 13, 2017 Pensacola, FL