What does HO-5 homeowners insurance specifically cover?

The correct choice is the comprehensive form, which is associated with HO-5 homeowners insurance. This type of policy provides broad coverage for a homeowner's property, protecting against a wide range of risks. HO-5 policies typically cover the dwelling and personal property on an open-peril basis, meaning that unless a specific exclusion is mentioned in the policy, all perils are covered. This offers more extensive protection compared to other forms, such as basic or named peril policies, which only cover specific listed risks or a limited scope of coverage.

In addition to safeguarding the structure of the home, an HO-5 policy generally includes personal property coverage for a variety of items and may also provide enhanced liability protection. The comprehensive nature of this policy makes it an attractive choice for homeowners seeking thorough protection against many potential risks.