South Carolina Personal Lines Practice Exam

What does form HO-5 primarily cover?

1. Only the dwelling

2. The dwelling and other structures

3. The dwelling and personal property

4. The dwelling, other structures, and personal property

The correct answer is: The dwelling, other structures, and personal property

The HO-5 form is a comprehensive homeowner's insurance policy that offers broad coverage for a variety of perils. It primarily covers the dwelling, other structures, and personal property. This policy is designed to protect homeowners from damage to their homes as well as from losses of personal belongings within the home, making it one of the most robust options available for home insurance. By including the dwelling, the policy protects the physical structure of the home itself from various risks, such as fire, theft, and vandalism. Coverage for other structures extends this protection to detached buildings on the property, such as garages or sheds. Additionally, the policy covers personal property, which encompasses a wide range of items owned by the insured, such as furniture, electronics, and clothing. Therefore, the HO-5 form's extensive coverage, which includes all three aspects—dwelling, other structures, and personal property—provides homeowners with extensive protection against a variety of potential losses. This makes it a preferred choice for those seeking comprehensive coverage for their home and belongings.