Homeowners insurance provides a broad array of coverages, for owners of homes, plus condo owners and renters / tenants. A homeowners is known as a "package" policy, because it includes both protection for your property (your personal items, the house, and any detached buildings), as well as liability (defense and judgment costs if you are sued).
The most common homeowners policy is the HO-3. However, some companies now offer the broader HO-5 on homes that meet specific underwriting standards. For a detailed summary of why the HO-5 is a better value, click to our HO-3 vs. HO-5 page for a list of differences.
The chart below lists the different kinds of homeowners policies:
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