An HO-3 policy provides what kind of peril coverage on the dwelling (Coverage A) and on personal property (Coverage C)?
- ANamed perils on the dwelling and open perils on personal property
- BOpen perils on both the dwelling and personal property
- CNamed perils on both the dwelling and personal property
- DOpen perils on the dwelling and named perils on personal propertyCorrect
Why: The HO-3 Special Form is the most widely sold homeowners policy precisely because it gives the dwelling and other structures open-peril ("all-risk") protection, meaning any cause of loss is covered unless specifically excluded, while personal property is written on a named-peril basis covering only the 16 listed perils such as fire, lightning, windstorm, theft, and vandalism.ISO HO-3 policy form (industry standard)



