What does form HO-5 cover in terms of property?

Form HO-5 is known as a comprehensive homeowners insurance policy that provides coverage not just for the dwelling and other structures on the property, but also for personal belongings. This type of policy is designed to offer more extensive protection compared to other forms of homeowners insurance, especially regarding personal property.

By selecting coverage that includes the dwelling, other structures, and personal property, an HO-5 policy ensures that homeowners are protected against a wide range of risks. The policy typically covers the structure of the home itself, such as the main living area, any attached or detached garages, and other buildings on the property. Additionally, it covers personal belongings within the home, including furniture, electronics, clothing, and other personal items, providing a higher level of security against perils like theft, vandalism, and damage from various hazards.

This comprehensive coverage is a key benefit of the HO-5 form, as it balances the need for structural protection with coverage for the homeowner's personal property, thereby ensuring that both major assets are financially safeguarded.