Which form of homeowners insurance provides named peril coverage for various specified hazards including theft?

Named peril coverage refers to a type of insurance policy that provides protection against specific risks or hazards that are explicitly listed in the policy. The Broad Form homeowners insurance, known as HO2, is designed to cover a range of named perils, which typically include risks such as fire, hail, windstorm, and theft, among others.

This coverage contrasts with the Special Form (HO3), which primarily provides open peril coverage for the dwelling itself but named peril coverage for personal property. Options like the Contents Broad Form (HO4) are specifically tailored for renters and focus on personal property, while the Comprehensive Form (HO5) offers more extensive coverage that includes open perils for personal possessions and may not specify theft as a named peril.

The Broad Form (HO2) is particularly suited for homeowners looking for a policy that explicitly includes named perils, making it a relevant choice for protecting against theft and other defined risks.