Which type of policy would be similar to homeowners insurance combined with a personal property floater?

Homeowners insurance typically covers both the structure of a home and personal property within it. A personal property floater enhances this coverage by providing protection for specific items that may exceed the standard coverage limits or for items not covered in a basic homeowners policy. The HO3 policy, specifically, is a popular type of homeowners insurance that covers a wide range of perils for both the dwelling and personal property.

An endorsement to an HO3 policy can add specific coverage for personal property in a manner similar to a personal property floater. This can include higher limits or broader coverage for certain types of belongings, making it akin to combining homeowners insurance with a personal property floater.

This understanding leads to the conclusion that an HO3 policy with an endorsement would indeed mirror the protections of a homeowners policy alongside the customized breadth of a personal property floater. The other options do not offer this particular combination of dwelling and enhanced personal property coverage. Renters insurance covers personal property for those who do not own their homes but lacks the dwelling coverage present in an HO3 policy. Commercial property insurance is designed for business properties and does not apply to personal residences. Lastly, a liability coverage policy addresses legal responsibility for damages or harm to others rather than property coverage.