Which form of homeowners insurance offers the most extensive coverage?

The homeowners insurance that provides the most extensive coverage is the comprehensive form, known as HO-5. This type of policy offers coverage for a wide range of perils on a replacement cost basis for both the dwelling and personal property. Unlike other forms, the HO-5 typically includes coverage for personal belongings against a broader array of risks, often including mysterious disappearance and accidental damage.

HO-5 policies cover both the structure of the home and personal property for all types of risks that aren't specifically excluded, making it a superior choice for homeowners seeking comprehensive protection. This extensive coverage gives policyholders greater peace of mind, knowing that they are protected against various potential future losses.

In contrast, the other forms of insurance provide varying degrees of coverage. For example, the special form (HO-3) provides extensive coverage for the dwelling but limits personal property to specific perils unless otherwise broadened. The tenant's form (HO-4) is designed for renters and only covers personal property without providing coverage for the dwelling itself. The basic form (HO-1) is significantly more limited, covering only specific listed perils and typically not encompassing many common risks.

Thus, the comprehensive form (HO-5) is recognized for its broad, inclusive coverage, making it