Question 1 of 15
Explain the practical difference between HO-2 and HO-3 dwelling coverage. When would HO-3 be the stronger fit?
Strong Interview Answer
HO-2 is a named-peril form. HO-3 generally covers the dwelling on an open-peril basis subject to exclusions, while personal property remains named-peril. HO-3 is the stronger fit when broader dwelling protection is desired.
What to Listen For
- open perils
- named perils
- exclusions
Caution
Do not restate the multiple-choice stem or ask the learner merely to name a product, rule, or term.