Form No. 5 Comprehensive Homeowners Insurance
Updated: 03 January 2025
What Does Form No. 5 Comprehensive Homeowners Insurance Mean?
Form No. 5 Comprehensive Homeowner’s Insurance (HO-5) is a homeowner’s insurance policy that covers the property, structures on the property, personal belongings, liability, and medical expenses. As the name suggests, it offers the most extensive coverage among homeowner’s insurance policies.
Insuranceopedia Explains Form No. 5 Comprehensive Homeowners Insurance
HO-5 insurance is considered an all-perils policy for homeowners. If the property is damaged, the policyholder does not need to attribute the damage to one of the specific causes listed in the policy, as is required with named perils insurance.
Insurance companies are generally cautious when issuing HO-5 policies, often offering them to newer homes, well-maintained properties, or homes located near a fire department.
