Which form provides open peril coverage for dwelling and personal property?

Which form provides open peril coverage for dwelling and personal property?

• A. HO2
• B. HO3
• C. HO4
• D. HO6

Answer: (B)

Open peril (special form) means most risks are covered unless they’re specifically excluded, while named peril means only listed risks are covered. For homeowners forms, the dwelling and other structures are insured on an open-peril basis in the Special Form, whereas personal property is insured on a named-peril basis under that same form. Among the options, the form that provides open peril coverage for the dwelling is the Special Form. It’s the only one in the list that offers open-peril protection for the dwelling, with personal property coverage limited to named perils. If the question intended open peril coverage for both dwelling and personal property, the Comprehensive Form would be required, but that option isn’t present here.

Open peril (special form) means most risks are covered unless they’re specifically excluded, while named peril means only listed risks are covered. For homeowners forms, the dwelling and other structures are insured on an open-peril basis in the Special Form, whereas personal property is insured on a named-peril basis under that same form. Among the options, the form that provides open peril coverage for the dwelling is the Special Form. It’s the only one in the list that offers open-peril protection for the dwelling, with personal property coverage limited to named perils. If the question intended open peril coverage for both dwelling and personal property, the Comprehensive Form would be required, but that option isn’t present here.