Which homeowners form is most commonly used to insure the building and contents of an owner-occupied residence?

• A. HO 2
• B. HO 3
• C. HO 4
• D. HO 6

Answer: (B)

For a typical owner-occupied house, the standard choice is the Special Form homeowners policy. This form covers the dwelling and other structures on an open perils basis, meaning it protects against most risks of physical loss unless a specific exclusion applies. Personal property is covered on a named perils basis, listing the specific risks that are insured for belongings. This combination gives broad protection for the building while keeping contents coverage clear and manageable, which is why it’s the most commonly chosen option for a single-family, owner-occupied home.

The other forms are more limited or suited to different situations. A Broad Form (named perils for both dwelling and contents) is narrower because every covered risk must be named. The renter’s form provides contents coverage but not the building itself, and the condo form is designed for unit owners rather than a standalone residence. So the Special Form best matches the needs of insuring both the structure and belongings of an owner-occupied home.