817-485-5050 info@schwabagency.com

HO8 Home Insurance Policy Basics

When looking for the right homeowners insurance policy for your house, you may be surprised to find that there are many different types of policies that are available. If you have an older home, you will most likely invest in an HO8 homeowner’s insurance policy to provide coverage for your house.

HO8 policies are most commonly used to insure homes that are at least 40 years old. For older homes that have a replacement value that is much higher than the actual market value of the home, it is usually not possible to invest in a typical HO3 policy because the home has not been updated enough to qualify. Most of the updates that are required to qualify for an HO3 policy relate to the electrical, HVAC, roofing, and plumbing of the house.

There are also many personal situations that may lead to homeowners not qualifying for an HO3 policy. People who have past DUIs, poor credit, or a past bankruptcy may not qualify for an HO3 policy, leaving only a more limited HO8 policy to provide protection.

HO8 home insurance policies are very similar to HO1 policies and will provide coverage for 11 common perils, including:

  1. Wind
  2. Lightning or fire
  3. Hail storms
  4. Civil unrest or riots
  5. Explosions
  6. Vehicles
  7. Aircraft
  8. Smoke
  9. Volcanic eruption
  10. Vandalism or theft
  11. Falling objects, such as parts of the home or trees. Keep in mind that negligence or lack of maintenance that causes an object to fall will not be covered by the policy.

For all of your homeowners insurance coverage needs and to ensure that you have the right amount of protection to provide coverage for your home, contact the insurance professionals at The Schwab Agency in Colleyville, Texas.

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The Schwab Agency

The Schwab Agency, LLC has over 20 years of experience within the insurance industry in our community and our goal is to bring you unparalleled service and dedication. Since the majority of our business is through long-lasting relationships with our clients, fulfilling your needs is of the highest priority.

COVID-19 Update:


Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.


We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.


Tim Schwab.
President and Managing Partner