Whether you’re shopping for your first house or you’re a seasoned homeowner, navigating homeowners insurance never gets any easier. There are several different options, and the coverage of those policies can vary significantly. Fritch Insurance in Beatrice, NE, can help you choose the best policy for your unique needs. Here’s their guide to the seven types you should be aware of.

7 Types of Homeowners Insurance

1. Basic

A basic homeowners insurance policy is just that—basic. It covers the property’s structures in the event of fire or smoke damage, explosions, hail and windstorms, theft, and vandalism, among other catastrophes. Keep in mind, most mortgage companies require more coverage than this.

2. Broad

Broad policies are more common and cover everything a basic policy does, as well as damage from falling objects, the weight of ice or snow, frozen AC or heating systems, and more. A broad policy will cover both the structure itself as well as your belongings inside. Sometimes, it offers personal liability coverage, too.

3. Special

Special form homeowners insurance policies are the most common, as they offer the broadest range of coverage at affordable rates. Unlike broad form, which only covers against perils named in the policy, special form policies cover both named and unnamed events, offering more protection. Most exclude earthquake and flood coverage, however.

4. Comprehensive

A comprehensive policy offers the most coverage with specific exclusions, like earth movements, flooding, and water damage, among others. It also offers broader coverage for your belongings and personal liability, but it is typically more expensive than a broad or special policy.

5. Condo

Condo insurance usually offers the same coverage as most other homeowners insurance policies but only extends to the condo’s walls, floors, and ceilings, rather than the entire structure.

6. Mobile Home

Mobile home policies are nearly identical to special form policies, except they are designed specifically for mobile and manufactured homes.

7. Older Home

If you are thinking about buying an older home, you’ll need this form, which is similar to special form, with additions that specifically address issues that can arise with older homes.

Whether you are looking for auto, farm, or homeowners insurance, contact Fritch Insurance for all your coverage needs. Go online or call (402) 223-3312 for a no-obligation quote.