Which homeowners form would provide open peril coverage for the home and its contents?

Which homeowners form would provide open peril coverage for the home and its contents?

• A. HO-5
• B. HO-3
• C. HO-2
• D. HO-1

Answer: (A)

Open peril coverage means protection from all causes of loss except those specifically excluded. The form that offers this broad protection for both the home and its contents is the comprehensive form (HO-5). It insures the dwelling, other structures, and personal property on an open-perils basis, with only the policy’s listed exclusions limiting coverage. Other common homeowners forms either cover the dwelling on an open basis but list contents perils by name (HO-3), or cover both dwelling and contents only for named perils (HO-1 and HO-2). So the comprehensive form is the one that truly provides open peril coverage for both parts.

Open peril coverage means protection from all causes of loss except those specifically excluded. The form that offers this broad protection for both the home and its contents is the comprehensive form (HO-5). It insures the dwelling, other structures, and personal property on an open-perils basis, with only the policy’s listed exclusions limiting coverage. Other common homeowners forms either cover the dwelling on an open basis but list contents perils by name (HO-3), or cover both dwelling and contents only for named perils (HO-1 and HO-2). So the comprehensive form is the one that truly provides open peril coverage for both parts.