What is an HO-5 policy?

I'm shopping around for home insurance and I keep seeing an HO-5 policy. What is an HO-5 policy?

“An HO-5 policy is also known as Comprehensive Form. An HO-5 policy gives the broadest form of homeowners coverage as it’s on an open-perils basis.
When a policy is open perils, everything is covered unless it’s specifically excluded. Think of it as the equivalent of a full coverage car insurance policy.
If you’d like premium coverage for your home, consider getting an HO-5 policy.
If you want to get the highest home insurance coverage but worry about the price, use Jerry. Jerry gathers quotes from the 50 top insurance companies and delivers the best deals to your phone in minutes.”
Eric Schad
Answered on Aug 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.

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