This Form of insurance insures the described dwelling, private structures in connection with the dwelling, unscheduled personal property on and away from the premises, and loss of use. The policy also provides personal liability coverage and medical payments to others coverage. It is a broad named perils form, but the list of covered perils is more extensive than that of discontinued HO 1.
HO 2 is part of the Insurance Services Office, Inc. (ISO), homeowners forms portfolio.