Glossary Definition
HO-3 Policy
A homeowners form label that should be checked against the actual edition, covered perils and endorsements.
HO-3 is a homeowners policy-form label. It does not by itself disclose every limit, exclusion, deductible or insurer modification.
Read the covered-peril language
The Texas Department of Insurance distinguishes open-peril (also called all-risk) wording from named-peril wording. Open-peril coverage is still subject to exclusions and conditions; named-peril coverage applies to the causes listed in the contract. For an HO-3 quote, check which wording appears in the dwelling and personal-property sections rather than relying on a shorthand description.
Ask for the actual form number, edition and endorsements. A peril description is not a settlement promise: separately compare replacement-cost or actual-cash-value terms, limits and deductibles.
The standard HO-3 mapping between these sections still requires source/form verification; the national form reference was not retrievable in this review. See HO-3 versus HO-5, peril and replacement cost.
Sources & review status
Prepared Oct 14, 2026 • Unapproved draftEditorial draft prepared October 14, 2026. Not yet approved by an insurance or legal reviewer. These sources explain general concepts; your policy, endorsements, insurer and state rules control your coverage.
Reference materials
- Texas Department of Insurance — All-risk or named-peril policiesRetrieved and reviewed October 14, 2026. Defines open-peril/all-risk and named-peril approaches; it does not establish the wording of every HO-3 or HO-5 edition.
- NAIC — Homeowners insurance consumer informationRetrieved and reviewed October 14, 2026 for general consumer information. The page did not verify the specific HO-3/HO-5 form mapping and is not cited for that distinction.
Before publication
- Confirm each coverage statement against the relevant policy form and current national or state guidance.
- Confirm quote routing, product availability and business disclosures with the site owner.
- Verify the standard HO-3 building and belongings peril bases with current form text; the available source establishes peril terminology, not the HO-3 form mapping.