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.

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...

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

Do I need to put everyone in my household on my policy?

It's usually recommended to add everyone who lives in the household on the same policy if it's likely they will be driving the insured car, and insurance companies generally require everyone in the household of driving age to be listed on the policy. But if the others in the household alr…
Aug 12, 2019 Miami, FL

If I hit a tire in the road, is that considered a comprehensive claim?

This accident would actually be paid out under your collision coverage because you collided with the tire. Because you only damaged your vehicle in this single-vehicle collision, it would also be considered an at-fault collision claim. What you should think about is the rate increase you will proba…
Aug 18, 2018 Columbus, OH

Can an insurance company force me to be added to a policy?

Thanks for reaching out to The Zebra. It is normal for insurance companies to require anyone in the household (of driving age) to be listed on a policy, "just in case." Even if you don't ever plan on driving their cars, insurers know that things come up and there is always a small ch…
Feb 6, 2023 Denver, CO