Which Homeowner's policy offers broad coverage for both the dwelling and personal property?

The Homeowner's policy that offers broad coverage for both the dwelling and personal property is the HO-3 policy. This is often referred to as a "special form" policy. It provides coverage on an open-perils basis for the dwelling, meaning it covers all risks except those specifically excluded in the policy. For personal property, the HO-3 policy covers named perils, offering protection against defined risks, such as theft, vandalism, and fire.

The HO-1 and HO-2 policies are more limited in their coverage. The HO-1 provides very basic coverage for the dwelling and personal property, typically on a named-peril basis for both. The HO-2 expands on this by covering a broader list of named perils, but it still does not offer the comprehensive open-perils protection that the HO-3 does for dwellings.

The HO-4 policy, also known as renter's insurance, is designed for tenants and provides coverage for personal property while excluding coverage for the dwelling itself, as renters do not own the physical structure.

Therefore, the HO-3 policy stands out as the option that offers wide-ranging protection for both the home and personal possessions, making it the correct choice.