Homeowners Policy (HO)Question 297 of 474
On the HO-2 broad form, the dwelling and the personal property are insured:
a.on an open-perils basis with few exclusions
b.for fire and lightning and smoke only
c.against the broad form list of named perils
d.on an open-perils basis for the dwelling alone
Explanation
The broad form runs both the building and the contents off the same list of named perils, so a loss is paid only if the insured can point to a peril on that list. The answer that puts open perils on the dwelling alone describes the HO-3, and the fire-and-lightning answer describes a much narrower basic form.
This topic, taught in full in the Personal Lines Insurance Producer guide. Personal Lines Insurance Producer — Complete Study Guide (2026) — PDF + EPUB, $19.99 · 14-day refund →
Practice all 474 questions free — no signup required.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Related questions on this topic
- A tenants form (HO-4) differs from the owner-occupied forms mainly because it:
- A unit-owner buys a standard HO-6. Before any endorsement, the built-in Coverage A limit for building property is:
- Which Homeowners form covers both the dwelling and the personal property on an open-perils basis?
- A covered dwelling loss under the HO-8 modified form is settled on the basis of:
- Under an open-perils dwelling form, the burden of proof at claim time works this way:
- A home carries Coverage A of $280,000. A detached garage is destroyed and costs $34,000 to rebuild. On an unendorsed form, Coverage B pays at most:
Last reviewed: · editorial process
PrepPass team · Verified against California Personal Lines Insurance License Exam · How we review