{"id":100,"date":"2023-12-29T04:00:00","date_gmt":"2023-12-29T10:00:00","guid":{"rendered":"https:\/\/www.modernriskins.com\/blog\/?p=100"},"modified":"2023-12-29T22:20:48","modified_gmt":"2023-12-30T04:20:48","slug":"which-homeowners-insurance-perils-coverage-do-you-need","status":"publish","type":"post","link":"https:\/\/www.modernriskins.com\/blog\/which-homeowners-insurance-perils-coverage-do-you-need\/","title":{"rendered":"Which homeowners’ insurance perils coverage do you need?"},"content":{"rendered":"

When you purchase home insurance for a single-family home, you can choose the level of perils coverage in your policy. In this blog, Modern Risk Management offers a quick guide to perils coverage for Houston, TX homes.<\/p>\n

What is a peril?<\/strong><\/h2>\n

In insurance, the term peril refers to a damaging event, such as a fire or tornado. A break-in or vandalism also qualifies as a peril.<\/p>\n

Perils Covered in Home Insurance<\/strong><\/h2>\n

Home insurance consists of four levels of perils coverage for single-family homes – three named peril levels, HO-1, HO-2, and HO-8, plus an all-perils level, HO-3. One form, HO-5, offers all-perils coverage and additional coverage types.<\/p>\n

Named peril coverage means that it covers any peril specifically mentioned in the policy. HO-1 policies cover ten perils, while HO-2 policies cover 15 perils. If you want to know that no matter what happens, your policy will cover the damage repair or theft, choose at least the HO-3  form of coverage.<\/p>\n

When to Make Your Decision<\/strong><\/h2>\n

Each homeowner must choose which level of coverage they want to purchase at the outset of buying an insurance policy. You can amend a policy at a later date, but it won’t apply retroactively. If a peril damaged the home on the 11th of a month, updating the policy on the 12th won’t cover the damage. It will ensure that if the same situation occurs again, the policy will cover the damage on the second event.<\/p>\n

Contact Our Offices Today<\/strong><\/h2>\n

Call or email Modern Risk Management today to consult an insurance agent about updating your home insurance. Don’t let your Houston, TX home go unprotected or under-protected. Contact us today!<\/p>\n","protected":false},"excerpt":{"rendered":"

When you purchase home insurance for a single-family home, you can choose the level of perils coverage in your policy. In this blog, Modern Risk Management offers a quick guide to perils coverage for Houston, TX homes. What is a peril? In insurance, the term peril refers to a damaging event, such as a fire […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[13,14],"class_list":["post-100","post","type-post","status-publish","format-standard","hentry","category-home-insurance","tag-houston-tx","tag-modern-risk-management"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t