An HO-3 policy is a special form of homeowner's insurance policy that offers open perils protection except for those perils specifically excluded.

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An HO-3 policy is a form of homeowner's insurance policy that provides open perils coverage, which means that it protects against all perils except those that are specifically excluded. This is different from a named perils policy, which only covers perils that are specifically listed in the policy. An HO-3 policy is the most common type of homeowner's insurance in the United States.

An HO-3 Policy Is a Special Form of Homeowner's Insurance