What type of homeowners policy is referred to as the "Special form" for owner occupants?

The "Special form" homeowners policy, known as HO-3, is designed for owner-occupants of single-family homes. This type of policy offers broad coverage for the structure of the home, including coverage for all perils except those specifically excluded in the policy. For the personal property within the home, the coverage is typically on a named peril basis, meaning that only the perils listed in the policy are covered.

The HO-3 policy is one of the most popular and commonly used homeowners insurance policies due to its comprehensive nature for property owners. It is tailored for those who live in their homes, providing not only liability coverage but also additional living expenses if the insured home becomes uninhabitable due to a covered loss.

In contrast, other types of homeowners policies serve different purposes. For instance, the HO-4 is known as renters insurance, which protects personal property for tenants, while the HO-5 provides more extensive coverage than the HO-3 but is typically for higher-value homes. The HO-6 is intended for condominium owners and covers both personal property and improvements made to the unit. Each policy type has unique features tailored to different living situations, but the HO-3 remains the standard choice for owner-occupied single-family dwell