The short version
- HO-3 is the most common homeowners policy for single-family homes.
- HO-5 is broader, covering belongings against any peril not excluded, and usually costs more.
- HO-6 is for condo owners and HO-4 is for renters.
- HO-8 is designed for older homes whose rebuild cost is far above market value.
In this article
Forms you will hear about most
- HO-3: special form for single-family homes
- HO-5: comprehensive form, broadest coverage
- HO-6: condo unit owners
- HO-4: renters
Policy form names follow ISO standards described by the Insurance Information Institute. Insurers can vary the wording.
The types of homeowners insurance are labeled with HO numbers. Each form sets which causes of damage are covered and how broadly.
Use the table to find your type, then read the HO-3 vs HO-5 comparison if you own a single-family home.
Every homeowners insurance type at a glance
| Form | Name | Who it is for |
|---|---|---|
| HO-1 | Basic form | Rarely sold today; covers a short list of perils |
| HO-2 | Broad form | Named perils for house and belongings |
| HO-3 | Special form | Most single-family homeowners |
| HO-4 | Contents broad form | Renters |
| HO-5 | Comprehensive form | Owners wanting the broadest coverage |
| HO-6 | Unit owners form | Condo and co-op owners |
| HO-7 | Mobile home form | Manufactured and mobile homes |
| HO-8 | Modified coverage form | Older homes where rebuild cost exceeds market value |
HO-3 vs HO-5: what you get for the extra cost
HO-3
- House covered against any peril not excluded
- Belongings covered for a list of named perils
- Often pays belongings at actual cash value unless upgraded
HO-5
- House and belongings covered against any peril not excluded
- Fewer gaps for accidental damage to belongings
- Often includes replacement cost on belongings
HO-5 is often limited to newer, well-maintained homes. If you qualify, compare the price difference against the extra protection for your belongings.
Find the right policy form for your home
SponsoredCondo owners: what HO-6 does
Your condo association's master policy covers the building and common areas. An HO-6 covers your unit's interior, your belongings, your liability and loss assessments from the association.
Ask the association whether its policy is "bare walls" or "all-in". That decides how much interior coverage you need on your HO-6.
Compare HO-3 and HO-5 policies near you
Rates change from one ZIP code to the next. Add yours to see homeowners insurance options available where you live, with no commitment.
Which type is right for you?
- β Single-family home, typical age and condition: start with HO-3.
- β Newer home and valuable belongings: compare HO-5.
- β Condo or co-op: HO-6.
- β Renting: HO-4, which is usually inexpensive.
- β Historic or older home with high rebuild cost: ask about HO-8.
Whatever the form, set the dwelling amount using rebuild cost. Our guide to how much coverage you need walks you through it.
Frequently asked questions
What is the most common type of homeowners insurance?
HO-3. It covers the house against any peril not excluded and belongings against a list of named perils.
Is HO-5 worth it?
It can be if you have a newer home and valuable belongings. Compare quotes, because HO-5 usually costs more.
What does an HO-6 policy cover?
The interior of your condo unit, your belongings, liability and some association assessments.
Do renters need insurance?
Landlords often require it. An HO-4 policy covers your belongings and liability, which the landlord's policy does not.
See home insurance options for your address
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