Which coverages are included in HO-5?

HO-5, also known as the Comprehensive Form, is designed to provide extensive coverage for homeowners. One of its key features is that it includes special forms for all coverages under A (Dwelling), B (Other Structures), and C (Personal Property). This means that the coverage encompasses a wider range of risks and perils, offering comprehensive protection against damage or loss.

The advantage of the HO-5 policy is that it typically covers the dwelling and other structures on an open perils basis, which means it covers all causes of loss except those specifically excluded. Additionally, personal property is also covered on a special form basis, providing extensive protection for homeowners' belongings.

In contrast, the other choices reflect limitations in coverage. For instance, focusing solely on liability coverage does not acknowledge the comprehensive nature of the HO-5 policy. Basic forms for only certain sections suggest limited protection, while broad form coverage does not capture the full extent of the coverage provided by the HO-5. Therefore, the inclusion of special forms for all coverages A, B, and C distinctly sets the HO-5 apart as a robust insurance option for homeowners, validating that answer choice.