Which homeowners form would provide open peril coverage on both the dwelling and personal property?

The homeowners form that provides open peril coverage for both the dwelling and personal property is the HO-5. Open peril coverage means that the policy covers any risk of loss that is not specifically excluded. Under an HO-5 policy, the dwelling is protected against all risks unless they are expressly excluded in the policy. This offers the broadest coverage available for homeowners.

In addition to the comprehensive coverage for the dwelling, the HO-5 form also extends this open peril protection to personal property, which is not the case with some other forms. This makes the HO-5 particularly appealing for homeowners who want extensive coverage for their belongings as well as their home structure.

The other homeowners forms provide more limited coverage. For example, the HO-2 is a broad form that covers specific named perils, while the HO-3, though it does cover the dwelling on an open peril basis, typically provides named peril coverage for personal property. The HO-4 is designed primarily for renters and does not cover the dwelling, focusing instead on personal property. Thus, the HO-5 stands out as the option that offers the most comprehensive coverage.