Illinois HO8 Insurance

Illinois HO-8 Insurance policy is designed for older homes in Illinois. The Illinois HO8 insurance companies usually only cover the actual cash value of the home in the event of a claim. Leading homeowners insurance companies in Illinois are Mercury, State Farm Bureau and AAA and they operate in cities such as Chicago, Peoria, Schaumburg or Springfield.


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What Will HO8 Insurance Cover in Illinois?

A standard home insurance policy in Illinois whether you live in Chicago, Springfield or Peoria will cover most damages to your IL home and your personal belongings from perils such as explosion, lightning damage from falling objects, riots, theft, trucks or vehicles.

What is Illinois HO8 Insurance?

Useful on older buildings that may be of historic importance and has a lower market value than pure replacement cost.

What is the main difference between HO3 and HO8 Insurance?

HO3 insurance is the most common for of coverage in Illinois. HO8 is designed for older homes where you get cash value for the home after deducting any depreciation against the property.

What areas can qualify for HO8 Home Insurance in Illinois?

The policy will cover any home in the state Illinois such as:
  • Chicago, IL
  • Springfield, IL
  • Peoria, IL
  • Rockford, IL
  • Schaumburg, IL
  • Oak Lawn, IL
  • Hoffman Estates, IL
  • Bloomington, IL
  • Carol Stream, IL
  • East Saint Louis, IL
  • Palatine, IL
  • Decatur, IL
  • Champaign, IL
  • Joliet, IL
  • Belleville, IL
  • Bedford Park, IL
  • Evanston, IL
  • Naperville, IL
  • Loves Park, IL
  • Melrose Park, IL