Which of the following is a correct ordering of homeowners' policies from the least to the most coverage?

Question

Quizplus · Accepted Answer

The Basic Form HO-1 provides the least amount of coverage, covering only a limited number of perils. The Broad Form HO-2 covers more perils than the Basic Form and offers broader coverage overall. The Special Form HO-3 provides the most comprehensive coverage, including coverage for all perils unless they are specifically excluded in the policy. Therefore, the correct ordering is from least coverage to most coverage: Basic Form HO-1, Broad Form HO-2, Special Form HO-3.

Which of the Following Is a Correct Ordering of Homeowners