Which homeowners policy provides open-peril coverage for personal property without endorsement?

The correct answer, which is the HO-5 policy, is significant because it specifically offers open-peril coverage for personal property as a standard feature. Unlike some other homeowners policies, such as the HO-3, which provides open-peril coverage for the dwelling but only named perils for personal property, the HO-5 extends open-peril coverage to personal belongings as well.

Open-peril coverage means that all risks are covered unless specifically excluded in the policy. This gives the insured broader protection and peace of mind, knowing that their personal property has comprehensive coverage.

The HO-5 policy is particularly beneficial for homeowners with a higher value of personal property or those who want to avoid the complexities and potential gaps associated with named-peril coverage. This policy tends to be favored by homeowners looking for a higher level of coverage without needing to add endorsements for personal property.

In contrast, other policies listed do not provide the same level of open-peril protection for personal property without requiring additional endorsements, which differentiates HO-5 as the option that meets the criteria specified in the question.