Which HO form provides all-peril coverage for both structures and contents?

• A. HO Forms 1
• B. HO Forms 3
• C. HO Forms 5
• D. HO Forms 2

Answer: (C)

HO Form 5 is known as the Comprehensive Form and offers all-peril coverage for both the dwelling (structures) and personal property (contents). This means that it covers all risks of physical loss or damage except for those expressly excluded in the policy.

The importance of this all-peril coverage is that it provides a high level of protection for the policyholder, making it ideal for homeowners who want security against a broad range of potential risks. The form includes a variety of coverage features that ensure both the home and personal belongings are protected, which is a significant advantage compared to other forms that may provide more limited or named-peril coverage.

In contrast, other forms, such as HO Form 1, primarily provide basic coverage with named perils for both the structure and contents, which means they only cover specific risks listed in the policy. HO Form 2 also covers named perils but does not offer the same comprehensive protection as HO Form 5. HO Form 3 provides special coverage for the structure but only named peril coverage for personal property. Therefore, HO Form 5 stands out as the best option for comprehensive coverage across both structures and contents.