Which type of policy typically includes coverage for personal liability?

The HO-3 policy is designed as a comprehensive homeowners insurance policy that offers coverage for both the structure of the home and personal property, while also including personal liability protection. This means that in the event of an accident that results in injury or damage to someone else or their property, the policyholder is protected against financial loss stemming from those incidents.

This type of policy not only covers named perils for personal property but also generally includes coverage for broader risks and personal liability, making it one of the most common and well-rounded policies for homeowners.

Other policies listed, such as HO-1 and HO-2, provide more limited coverage and are less common, often focusing on specific perils without personal liability protection. The HO-4 policy is specifically designed for renters and therefore does not include coverage for the physical structure, focusing instead on personal property and liability, which again sets the HO-3 apart as the most comprehensive option for homeowners.