What is the primary intent of broad form coverage under the HO-2 policy?

The primary intent of broad form coverage under the HO-2 policy is to protect against specific named perils for both the dwelling and personal property. This means that the policy provides coverage for a predefined list of hazards, such as fire, theft, and vandalism, which can damage the property. By specifying the perils covered, this policy offers a clear framework and ensures that homeowners understand the risks that are insured.

Unlike options that focus solely on personal belongings or a specific type of item, the HO-2 policy encompasses a wider range of protections. It does not limit coverage purely to the dwelling itself, as it also covers personal property within the home. Therefore, the broad form coverage is designed to offer a balanced approach to insuring both the structure of the home and the personal possessions contained within it against certain risks.