Which homeowners form provides open peril coverage for the dwelling and the contents?

Which homeowners form provides open peril coverage for the dwelling and the contents?

• A. HO-3
• B. HO-2
• C. HO-5
• D. HO-6

Answer: (C)

Open peril coverage means protection for all risks of physical loss unless a specific exclusion applies. The homeowners form that provides this broad, open-peril protection for both the dwelling and the contents is the comprehensive form. It covers the dwelling, other structures, and personal property on an open-perils basis, which is more expansive than the other forms. The other standard forms either limit the contents to named perils or apply open peril only to the dwelling while excluding open coverage for contents, so they don’t meet the requirement of open perils for both dwelling and contents.

Open peril coverage means protection for all risks of physical loss unless a specific exclusion applies. The homeowners form that provides this broad, open-peril protection for both the dwelling and the contents is the comprehensive form. It covers the dwelling, other structures, and personal property on an open-perils basis, which is more expansive than the other forms. The other standard forms either limit the contents to named perils or apply open peril only to the dwelling while excluding open coverage for contents, so they don’t meet the requirement of open perils for both dwelling and contents.