There are several different types of homeowners insurance policies in Michigan. What you will be covered for depends on who your provider is and what kind of coverage you purchase from them. Here we outline what each type of policy will cover you for. Broad (HO-2) covers damage to the property and possessions from specific perils listed in the policy. This includes, but is not limited to explosions, fire, lightning, windstorm, hail, riot, civil commotions, theft, vandalism, falling objects, smoke, and damage from a vehicle or aircraft. All Risk (HO-3), the most common type of homeowners policy, covers your dwelling against all risks or perils except ones specifically excluded in the policy. The home’s contents are generally covered against perils named in the policy. Condominium (HO-6) home insurance policies provide coverage based on the value of the owner’s personal property or contents. An HO-6 policy also provides coverage for that part of the dwelling that belongs to the condominium owner; this includes alterations, appliances, fixtures and improvements that are part of the building or are contained within the building. Both the dwelling and the contents are covered against named perils. For an additional premium, you can choose add-ons for your policy. Add-ons are sometimes termed endorsements, floaters, or riders. These can extend your coverage to specific items in your home.