What type of homeowners policy provides the broadest coverage?

The homeowners policy that provides the broadest coverage is the HO-5 policy. This policy is specifically designed to offer a comprehensive range of protections for personal property and the dwelling itself. It provides coverage that is both "open perils" for the structure and "named perils" for personal property, although in practice it covers personal property against a wide array of risks.

Unlike the HO-2 and HO-3 policies, which may limit coverage for certain perils or not cover personal property as extensively, the HO-5 policy ensures that almost all risks are encompassed unless specifically excluded. Additionally, it includes higher limits on coverage for personal property, providing more financial protection to homeowners.

The HO-6 policy, on the other hand, is typically used for condominium owners and offers specific coverage suited to that type of ownership, which does not equate to the broad coverage offered by HO-5. Thus, the HO-5 is the most extensive option available for homeowners looking for comprehensive protection.