What distinguishes the Homeowners Special Form?

The Homeowners Special Form is distinguished by its coverage of all risks, also referred to as open perils. This means that the policy provides broad protection against a wide range of potential hazards unless specifically excluded. Unlike limited peril forms, which only cover specific risks that are listed, or named perils policies, which only pay for losses resulting from expressly identified perils, the Special Form offers a more comprehensive approach. This is beneficial for homeowners as it protects against unpredictable risks and damage that may not be explicitly mentioned in the policy.

By providing this extensive coverage, the Homeowners Special Form gives policyholders greater peace of mind knowing that they are generally protected from various unforeseen incidents, enhancing the overall security of their investment in their home.