What type of coverage does the HO-3 "Special" Form provide for structures?

The HO-3 "Special" Form is designed to provide all-peril coverage for the dwelling and other structures on the property. This means that it covers losses to the home and other structures from a wide range of causes unless a specific peril is excluded in the policy. This all-peril approach gives homeowners a robust level of protection, as it encompasses a comprehensive list of potential risks.

In contrast, other forms of coverage may be more limited. For instance, named-peril coverage only protects against specifically listed risks, which does not provide the same breadth of coverage as the all-peril provision of the HO-3. Additionally, the HO-3 generally includes liability coverage as part of the broader package but is not limited to that, as it primarily focuses on protecting physical structures. Furthermore, the option that limits coverage to fire and theft does not accurately reflect the comprehensive nature of HO-3 coverage, which encompasses numerous additional perils.