PLMImedium
A Michigan homeowner wants open-perils coverage on both the dwelling AND personal property under the MI Standard Fire Policy floor. Which form should be quoted?
AHO-2 Broad Form, named perils
HO-5 Comprehensive Form
CHO-3 Special Form
DHO-8 Modified Form, designed for older homes with ACV settlement
Why this is the answer
HO-3 covers the dwelling on an open-perils basis but personal property only on named perils. HO-5 extends open-perils treatment to Coverage C personal property as well, satisfying MI Standard Fire Policy minimums under MCL 500.2832.
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