Homeowners insurance in New York: HO1

The most fundamental type of homeowner’s insurance, known as a HO1 policy, covers your house against ten identified risks:

1. Smoke

2. Windstorm and hail

3. Explosion

4. Fire and lightning

5. Vandalism and malicious mischief

6. Theft

7. Riots and civil commotion

8. Aircraft

9. Vehicles

10. Volcanic eruptions

An HO1 policy won’t protect you for certain significant hazards, such as earthquakes, floods, and falling items. Basically, you most likely won’t be covered for events that weren’t mentioned above. For example, you wouldn’t be protected if water overflowed into your property and caused damage.