Homeowners insurance – Know more about home owner insurance quotes & rates.

When shopping for an insurance policy the main points to look at are the rates, quotes and coverage. This is a basic insurance rule that also applies when you are shopping for homeowners insurance.

While looking for the right type of homeowner insurance, always keep in mind that besides the basics, you’ll want to look into extras that will provide coverage for special cases such as flooding, earthquakes or other such natural disasters.

In some cases, homeowners insurance can also cover items such as jewelry, fine arts, special equipment or even valuable collections. However you will need to check if the home owner insurance policy you are buying covers it or whether you will have to get some extra premium to add that kind of coverage.

The following are some examples of home owner insurance policies:

Basic – This type of homeowners insurance will cover your house and its possessions against 11 types of perils.
Broad – In this home owner insurance, the house and its possessions are protected against 17 perils. However the premium rate for this type of insurance policy is roughly 5-10% higher than a basic homeowner insurance policy.
Special – Covers all types of perils except the ones excluded by the insurance policy. This type of home owner insurance also has a higher rate compared to the basic insurance policy by about 15%.
Renter – All 17 perils are covered in this case including liability. However the house itself is not insured.
Extensive – As its name suggests, this homeowner insurance policy is extremely detailed and covers all sorts of damages only excluding natural disasters such as floods, hurricanes and earthquakes.
Older Homes - This type of home owner insurance policy is very similar to the basic homeowners insurance. The difference is that it only pays for repair costs or cash value. This is due to the fact that replacement costs could make the policy extremely expensive.

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