HO-5: Comprehensive Home Insurance
The Comprehensive insurance policy, as the name suggests, offers
homeowners the most extensive coverage. It’s the most expensive
homeowners insurance form as well. This “all risks” insurance
offers the same coverage for dwellings as the HO-3 form. It also protects
personal belongings against all damages except for the ones that are
specifically excluded: flood, war, earthquake, etc. Liability is also
covered.
The Comprehensive policy is not sold very often now. Many insurers
prefer to add supplements to the HO-3 policy if clients require more
coverage than the one offered by the Standard policy.
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