Does the HO-3 policy provide theft coverage for building supplies next to the house that are to be used in construction?

The HO-3 policy, which is a common homeowners insurance policy, typically does not cover theft of building supplies that are located outside the home, even if they are intended for construction projects. This is because the policy specifically focuses on covering personal property that is within the dwelling and does not extend to materials that are not permanently attached to the home or, in this case, building supplies stored outside.

The rationale behind this exclusion is that such supplies are often considered part of a construction project rather than personal property. Therefore, if theft occurs, the homeowner would not have coverage under the HO-3 policy for those materials.

Individuals considering coverage for building supplies would need to look into specific endorsements or separate policies that explicitly cover construction materials to ensure they have the necessary protection.