HO-3 policies offer how many types of coverage?

Homeowners 3 (HO-3) policies offer two primary types of coverage: property coverage and liability coverage. Property coverage includes protection against various risks to the structure of the home and its contents, typically covering personal property against named perils. Liability coverage provides protection against claims for personal injury or damage to others that occur on the insured property.

In contrast, some other options indicated would expand the coverage types referenced, but the HO-3 specifically delineates between these two main categories. This model provides a comprehensive yet clear framework for understanding the protection that homeowners receive under this particular insurance policy.