HO-3 (Special Form)

The HO-3 (Special Form) is a common homeowners insurance policy that protects your home and personal belongings. It covers damage to the structure caused by perils like fire, theft, and storms, and also offers liability protection if someone gets hurt on your property. While it provides broad coverage for your dwelling, personal property coverage is typically listed on an "open perils" basis, meaning all risks are covered except those specifically excluded. This policy balances comprehensive protection with affordability, making it suitable for many homeowners seeking reliable coverage for both their house and possessions.