What does the HO-5 policy include?

The HO-5 policy is designed to provide extensive coverage for homeowners. It is one of the most comprehensive policy forms available under homeowners insurance, often referred to as a "Broad Form." The policy includes special forms of coverage for personal property (Coverage C), which means that it protects against a wider array of risks compared to standard policies.

By including special forms for Coverages A (dwelling), B (other structures), and C (personal property), the HO-5 policy ensures that the dwelling and structures on the property, as well as the personal belongings within the home, are protected against multiple perils, including those that are not explicitly listed as exclusions. This is a significant advantage, as it offers greater peace of mind to homeowners by covering potential damages from a broad range of incidents.

In contrast, the other options reflect more limited coverage types. Some policies may only offer basic liability coverage, while others focus on particular property types or older homes, which would not provide the comprehensive approach that the HO-5 policy offers. Thus, understanding the full breadth of coverage included in an HO-5 policy is critical for homeowners seeking adequate protection for their assets.