In the United States, there are currently seven standard types of home insurances that cater to the various types of home owners. To better comprehend, here are the seven standard home insurances as classified by the Insurance Services Office or ISO:
1. HO-1 limited policy that provides coverage for specific items stated in the policy
2. HO-2 offers coverage against damage to specific portions only of the house stated in the policy
3. HO-3 most common, it provides protection for all aspects of the home including contents and liabilities explicitly stated in the policy
4. HO-4 renters insurance or coverage, for those residing in an apartment or complex which also covers liability
5. HO-5 similar to HO-3 except that it offers wider breadth and depth of coverage against incidents of losses
6. HO-6 condominium coverage, specifically designed for the needs of condominium owners which covers part of the building where the insured resides
7. HO-8 older home insurance for those with homes that have higher replacement costs than prevailing market value