What type of coverage does HO-2 represent?

The HO-2 form, also known as the Broad Form Homeowners Policy, provides coverage for a wide range of perils. It is specifically designed to protect homeowners against risks not just limited to the structure of the home, but also for personal property within it. The Broad Form typically covers perils such as fire, windstorm, vandalism, theft, and more, but it is less comprehensive than the Special Form (HO-3), which offers coverage for all risks except those specifically excluded.

The classification as "Broad Form" reflects this wider approach to risk coverage compared to more basic formats like the HO-1, which covers a limited set of perils. The broader coverage offered by HO-2 makes it a popular choice for homeowners seeking a reasonable level of protection without the higher premiums that come with more comprehensive policies.

In summary, HO-2 is recognized as the Broad Form Homeowners Policy, effectively making it the correct answer for this question.