What type of homeowners policy is identified as "Broad Form" for owner occupants?

The "Broad Form" homeowners policy that is designed for owner-occupants is known as HO-2. This type of policy provides coverage for dwelling and personal property on a named perils basis, which means it covers specific risks that are explicitly listed in the policy.

HO-2 typically includes coverage for a wider range of perils compared to the HO-1 policy, which is more limited and primarily offers basic coverage for specified risks. The HO-2 is more comprehensive because it provides additional protection against perils like theft, falling objects, and certain types of damage, making it a better option for homeowners who want a broader level of coverage.

In contrast, the HO-3 policy also provides comprehensive coverage, but it is classified as an "Open Perils" policy, which covers all risks except those specifically excluded. The HO-4 policy is designed for renters, providing coverage for personal property but not for the dwelling itself. Therefore, HO-2 is the correct choice when identifying the "Broad Form" policy for homeowners who occupy their dwelling.