What is a common feature of HO-2, HO-3, and HO-5 policies?

The correct answer highlights that HO-2, HO-3, and HO-5 policies all provide coverage for the dwelling structure itself. This is a fundamental aspect of homeowners insurance, as the primary objective of such policies is to protect the physical structure of the home from various perils.

HO-2 is known as a broad form policy that covers the dwelling and personal property against specific risks. HO-3 is a special form that provides open peril coverage for the dwelling, meaning it covers all risks except those specifically excluded in the policy. HO-5 extends this coverage further by covering personal property on an all-risk basis and offering a higher level of protection for the dwelling.

While the other features mentioned in the choices may apply to certain policies, they do not universally characterize all three types in the way that covering the dwelling structure does. For instance, personal liability coverage and additional living expenses are common in these policies, but they may not be included in every policy's structure. Similarly, the all-risk personal property coverage is specific to the HO-5 form, distinguishing it from the others. Hence, the coverage of the dwelling structure is a shared feature that accurately defines the scope of HO-2, HO-3, and HO-5 policies.