Homeowners, renters, condo, dwelling fire, and high-value home policies placed with 50+ carriers. We shop the market, you pick the best rate.
Home insurance comes in several different "forms" — each with its own perils covered, exclusions, and settlement rules. Getting the form right matters, especially for older homes, condos, and rentals.
The most common homeowners form. Insures the dwelling on an open-perils basis (covers anything except what's specifically excluded) and personal property on a named-perils basis. The default for most single-family homes.
Most commonA stripped-down named-perils form covering only a short list of basic risks like fire, lightning, theft, and wind. Rarely written today by standard carriers — mostly seen on specialty or high-risk properties.
Rarely offeredDesigned for older homes where the cost to rebuild far exceeds the market value — or where materials (like true plaster or antique woodwork) can't be replaced with modern equivalents. Settles on modified replacement cost or ACV.
For older homesCovers what the condo association's master policy doesn't — interior walls, floors, built-ins, personal property, loss assessment, and liability inside your unit. The coverage a condo owner actually needs.
Condo ownersFor tenants. Covers personal belongings, personal liability, and additional living expenses if you're displaced — without covering the building itself (that's your landlord's problem). Cheap and worth having.
RentersFor properties where the owner doesn't live at the home — rentals, seasonal homes, and non-owner-occupied dwellings. DP-3 is the modern standard; DP-1 is a narrower basic form. Not technically an "HO" form but worth knowing.
Non-owner-occupiedTwo policies with the same coverage limit can pay wildly different amounts on the same claim. The difference comes down to settlement type — the rule the carrier uses to calculate how much they owe you.
Pays what it actually costs to replace the damaged property with new materials of like kind and quality, without subtracting for depreciation. For roofs, flooring, siding, and personal property, this is the difference between getting a claim check that actually rebuilds your home and one that leaves you with a gap.
Pays replacement cost minus depreciation. A 15-year-old roof that cost $20K to replace might settle for $6K–$8K on ACV. You'll pay less in premium, but you'll also get far less on a major claim. Common on older homes, wind/hail deductibles, and specialty forms like HO-8.
Most standard HO-3 policies default to replacement cost on the dwelling, but personal property, roofs, and certain perils (especially wind/hail) may still be ACV depending on the carrier, age of the home, and state. This is the single most important thing to verify before a storm hits.
Tell us about your property and we'll shop the carriers that actually want it.
Start My Quote →Disclaimer: The coverages, endorsements, and features described on this page are illustrative examples and may vary by carrier, state, and individual policy. Conexion Insurance Agency does not guarantee that any specific coverage, limit, or exclusion applies to your policy. Actual terms are governed solely by the policy issued to you — please review your own policy documents carefully and contact us directly for specifics about your account.