PLIllinoismedium
How does the HO-5 form differ from the HO-3 form for an Illinois homeowner?
AHO-5 covers dwelling on a named-perils basis only
HO-5 covers personal property on an open-perils basis rather than named-perils
CHO-5 eliminates liability coverage
DHO-5 doubles the Coverage A limit automatically
Why this is the answer
The Illinois HO-3 covers Coverage A and B on an open-perils (all-risk) basis but Coverage C personal property only on a named-perils basis. The HO-5 form upgrades Coverage C to the same open-perils basis as the dwelling, providing broader protection for contents. Both forms maintain Section II liability and Coverage D ALE; HO-5 typically commands a higher premium reflecting the broader trigger.
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