Which homeowners form provides the most comprehensive coverage available?

The HO-5 form provides the most comprehensive coverage available among the homeowners insurance forms. This form offers broad coverage for both the structure of the home and personal belongings, incorporating a special form for personal property. This means that while the home itself is covered against a wide array of perils, personal property is also protected against all risks except for specifically excluded hazards, which significantly expands the policyholder's protection.

The HO-3 form, which is one of the more commonly used policies, provides coverage for the dwelling on an open-perils basis while personal property is covered on a named-perils basis, which is not as extensive as the coverage provided by the HO-5. The HO-2 form offers a more limited, named-perils coverage for both the dwelling and personal property, making it less comprehensive than the HO-5. The HO-4, commonly known as renters insurance, covers personal property for renters but does not include coverage for the dwelling, as there is no property owned by the policyholder.

Overall, the HO-5 is tailored for those seeking extensive and well-rounded protection for both their home and personal belongings, distinguishing it as the most comprehensive option among the homeowners insurance forms.