Glossary
Enjoy reading about homeowners insurance.
Compare home insurance quotes
Use our free comparison tool to compare rates from the best providers in your area
Explore home insurance articles
Insurance to Value Ratio
In homeowners insurance, the insurance-to-value ratio is the ratio of your dwelling coverage limit divided by the replacement cost of your home. This ratio is usually represented in percentages.
Open Perils in Homeowners Insurance
HO-3 and HO-5 homeowners policies cover your dwelling and detached structures on an open-peril basis. Open-peril policies cover more risks than a more basic named peril policy.
Blanket Insurance Policies
If you have ever heard the term blanket insurance, you are not alone. This term is widely used in the insurance world, but its exact definition and many types are not always clear. Most people assume a blanket policy covers every type of claim, but what exactly is it, and what does it really do? ... Read more
Guaranteed Replacement Cost for Homeowners Insurance
Guaranteed replacement cost is the highest level of coverage you can select for your dwelling coverage portion of homeowners insurance.
16 Named Perils for Homeowners Insurance
Damage caused by 16 named perils are covered by most homeowners insurance policies. Find out what the 16 named perils are.
Additional Interest vs Additional Insured for Homeowners Insurance
When looking at your homeowners insurance policy, you might see terms like Additional Interest and Additional Insured. Unless you are an insurance agent, it can be hard to understand all the terms and their meaning.