Which homeowners form offers open perils coverage on the home?

The homeowners form that offers open perils coverage on the home is the HO-3 Special Form. This type of policy is designed to provide comprehensive protection for the structure of the home against all perils, except for those that are specifically excluded in the policy. This means that unless a specific peril is listed as excluded, the policy generally covers damages due to a wide range of risks, providing a higher level of security for homeowners.

In contrast, the HO-2 Broad Form offers named perils coverage, covering only the hazards specifically listed in the policy, and is therefore more limited in scope. The HO-4 Contents Broad Form, which is typically utilized for renters, does not cover the structure at all, focusing solely on personal property. The HO-5 Comprehensive Form, while also providing open perils coverage for personal property, is focused more on the contents rather than the dwelling itself, and it usually includes broader coverage compared to the HO-3. Thus, the HO-3 is the appropriate choice for open perils coverage specifically for the home itself.