Which homeowners insurance form covers a wide range of incidents, including theft and fire?

The Special Form Policy (HO-3) is recognized for its comprehensive coverage of a wide range of incidents, including both theft and fire. This policy is a popular choice among homeowners because it typically offers protection against all perils unless explicitly excluded.

Unlike the Basic Form Policy (HO-1), which provides coverage only for specific named perils, and the Broad Form Policy (HO-2), which covers more incidents but still has limitations, the HO-3 offers a more extensive set of protections. Similarly, the Comprehensive Form Policy (HO-5) provides coverage for personal property on an open-perils basis, but the HO-3 is often favored for its balance and affordability, making it a solid option for many homeowners seeking peace of mind.

The ability of the HO-3 policy to cover various risks such as theft and fire, along with many others, makes it an appealing choice for homeowners wanting a well-rounded protection plan. Therefore, the choice of the Special Form Policy (HO-3) effectively meets the need for broad coverage in homeowners insurance.