What Does Home Hazard Insurance Cover? 
Homeownersinsurance often called hazardinsurancehas three -LRB- 3 -RRB- policy form types known as Basic , Broad and Special . Basic form will cover Fire Lightning InternalExplosion Windstorm or Hail Explosion Smoke Aircraft or Vehicle Riot or Civilcommotion Volcanic eruption Vandalism Broad form will cover all the above and add : Burglarydamage Falling Objects Weight of Ice and Snow Water Damage by pipes bursting -LRB- pipe itself is not covered for this peril -RRB- Discharge , overflow steam Freezing of plumbing Artificiallygenerated electricity Special formcoverseverythingexcept that is not specifically excluded : Below or the most common exclusions Ordinance or Law Earthquake Flood Power failure Neglect War Nuclearhazard intentional act Insects orVermin Special form has two type of form known as HO3 and HO5 in which you can increase or add specifically limitedcoverage ` ssuch as jewelry . Talk to your local agent so he can access your specific needs for homeownersinsurance . Your home is one of your most importantassists and needs to be properly protected . 