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Coverage Basics explained

6 in-depth guides · updated November 2026

Start here if you are buying homeowners insurance for the first time. Coverage Basics explains what an HO-3 policy actually pays for, which perils are named, and where the gaps sit between dwelling, other structures, personal property and loss of use.What a standard HO-3 policy covers — and what it never coversDwelling limit vs. market value: how much house you are really insuringPersonal property sub-limits for jewellery, cash and electronicsLoss of use: who pays the hotel bill while your home is rebuilt
Claims Process Condo (HO-6) Costs by State Deductibles Discounts & Bundling Exclusions High-Value Homes Landlord (DP-3) Liability & Umbrella Replacement Cost