Under HO-3, which form typically provides dwelling coverage on open perils?

Under HO-3, which form typically provides dwelling coverage on open perils?

• A. HO-2
• B. HO-3
• C. HO-4
• D. HO-6

Answer: (B)

Open-perils coverage for the dwelling is provided by the form commonly called the Special Form. This form covers the dwelling and other structures on an open-perils basis, meaning most risks are covered unless explicitly excluded. Personal property under this same form is covered on a named-perils basis, but the dwelling itself benefits from open-perils protection. The other options either apply named-perils coverage to the dwelling (instead of open perils) or are designed for renters or condo owners with different coverage structures. So, the form that typically provides dwelling coverage on open perils is the one described as the Special Form.

Open-perils coverage for the dwelling is provided by the form commonly called the Special Form. This form covers the dwelling and other structures on an open-perils basis, meaning most risks are covered unless explicitly excluded. Personal property under this same form is covered on a named-perils basis, but the dwelling itself benefits from open-perils protection. The other options either apply named-perils coverage to the dwelling (instead of open perils) or are designed for renters or condo owners with different coverage structures. So, the form that typically provides dwelling coverage on open perils is the one described as the Special Form.