Which homeowners form provides dwelling, other structures, and personal property on an open-perils basis?

Which homeowners form provides dwelling, other structures, and personal property on an open-perils basis?

• A. HO 2
• B. HO 3
• C. HO 4
• D. HO 5

Answer: (D)

Open-perils means coverage applies to all risks of loss unless a specific exclusion is listed. The form that protects dwelling, other structures, and personal property on an open-perils basis is the Comprehensive Form (HO-5). It gives broad protection for all three categories—dwelling, other structures, and personal property—covering most causes of loss unless they’re explicitly excluded in the policy. The Special Form HO-3, while it covers the dwelling and other structures on open perils, still limits personal property to named perils, so it isn’t open for all three. The remaining forms are designed for different situations (tenants or condo owners, or broader perils for property only in certain parts), and don’t provide open-perils coverage for every category.

Open-perils means coverage applies to all risks of loss unless a specific exclusion is listed. The form that protects dwelling, other structures, and personal property on an open-perils basis is the Comprehensive Form (HO-5). It gives broad protection for all three categories—dwelling, other structures, and personal property—covering most causes of loss unless they’re explicitly excluded in the policy.

The Special Form HO-3, while it covers the dwelling and other structures on open perils, still limits personal property to named perils, so it isn’t open for all three. The remaining forms are designed for different situations (tenants or condo owners, or broader perils for property only in certain parts), and don’t provide open-perils coverage for every category.