Whether you’re a first-time homeowner in Omaha or you’ve lived in your house for decades, it’s important to know what your homeowners insurance policy actually covers. Not all homeowners policies are created equal, and the right coverage can make all the difference when disaster strikes.
Let’s walk through the most common types of homeowners insurance coverage and what they mean for Nebraska homeowners.
HO-3: The Most Common and Comprehensive Option
The HO-3 policy is the most popular homeowners insurance coverage in Omaha. It’s known as an “open perils” policy. This means your home is covered for all risks except those specifically excluded in the policy.
It typically covers:
- The structure of your home
- Attached garages
- Built-in appliances
- Roof and siding
Examples of standard exclusions include flood damage, earthquakes, and neglect.
This policy is ideal for most homeowners in Nebraska, offering broad protection at a competitive rate.
HO-2: Named Perils Policy
If you have an HO-2 policy, your coverage is more limited. It protects your home against losses from specific events like:
- Fire or lightning
- Hail and windstorms
- Theft or vandalism
- Frozen pipes
With this policy, if a loss isn’t named, it’s not covered. It can be more affordable, but it may leave gaps in your protection that you don’t want to risk.
What Else Should You Consider?
Beyond the core structure coverage, most policies include or offer add-ons for:
- Personal property (furniture, clothing, electronics)
- Liability protection if someone is injured on your property
- Loss of use coverage if your home is unlivable after a covered loss
- Medical payments for minor injuries to guests
For a detailed breakdown of Nebraska-specific options, visit Liberty Mutual’s Nebraska homeowners insurance page.
The Local Nebraska Difference
Omaha homeowners face unique risks, including hail, tornadoes, and severe windstorms. That’s why working with someone who understands Nebraska’s weather and local insurance market is key.
Talk to Ritch Nelson at New Frontier Insurance Agency to review your current coverage. He’ll help you find the right fit for your home, budget, and peace of mind.