You can sometimes supplement a standard homeowners policy with special coverage considerations for your home's age. However, homeowners who are unable to secure a standard homeowners policy often turn to HO-8 insurance coverage for older homes. HO-8 policies cover fewer perils and include lower dwelling coverage limits but may cost less. Insurers may require you to purchase an HO-8 policy if they determine that it would cost more to rebuild your home than it is currently worth.