Under the HO-3 homeowners policy, who would be considered an insured?

Under the HO-3 homeowners policy, "insured" extends beyond just the named insured; it typically includes certain family members living in the household. This specifically covers relatives of the named insured, and most policies also provide coverage for anyone who is considered a permanent resident of the home.

In this context, choosing the 25-year-old son living at home as an insured is accurate because he is a relative residing in the same household as the named insured. The policy generally encompasses the named insured, their spouse, and relatives who live with them as part of their family unit. This is crucial for understanding the coverage provided by the policy, as it can impact claims and liability.

The other options have limitations: a spouse only does not account for other family members, while stating any individual living in the home could potentially include non-relatives who may not be insured under the policy. Focusing solely on relatives would exclude other family members, such as children, who also would be covered as long as they reside in the household. Therefore, the 25-year-old son qualifies perfectly under the definitions and stipulations of an insured individual within a homeowners policy.