The Different Types of Homeowner’s Insurance

If you are getting ready to buy a home in or around the city of Chicago, you should know how homeowner’s insurance works. It is an essential part of purchasing a home because you never know what is going to happen. All your most important belongings will be in your house, so you need a homeowner’s insurance policy that you can rely on. Before settling on a policy, here is a quick run-down of the different types of homeowner’s insurance.


The most common type of homeowner’s insurance is called H0-3, which will keep you and your belongings protected from “peril.” Peril, in the insurance industry, refers to natural disasters, such as tornadoes, fires, floods, etc. It is important to see which perils are included in your H0-3 policy though, because not all perils are included in all homeowner’s insurance policies.

Another type of homeowner’s insurance policy is H0-5, which covers structural damage as well as damage to personal property. This policy will be more expensive. After all, fixing a broken house costs more than say, fixing a broken garage door.


While there are more types of homeowner’s insurance, that get more specific, these two are the ones that the general population of homeowner’s buy. Insurance Navy in Palos Hills provides the best and most affordable homeowner’s insurance in Illinois. If you want to learn more about our cheap homeowner’s insurance, the Insurance Navy agents are here to help. You can also learn more about our low-cost homeowner’s insurance policies by visiting our website at

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