How does HO-3 provide coverage for home contents?

The HO-3 policy, which is a standard homeowners insurance policy, provides coverage for home contents on an "all risks unless excluded" basis. This means that the policy covers personal property against risks of loss or damage from a broad range of causes, except for those specifically excluded in the policy.

This coverage is designed to protect a homeowner's personal belongings, including furniture, clothing, and electronics, from various risks such as theft, vandalism, fire, and certain types of water damage. If a homeowner experiences a loss, they can claim benefits under the policy unless the cause of the loss is explicitly excluded.

For this reason, the answer indicating that coverage is provided for all risks unless specifically excluded accurately reflects the nature of the protection offered by the HO-3 policy for home contents, thereby providing comprehensive coverage compared to other options. Options that suggest limited named perils or restrict coverage only to acts of nature do not capture the full scope of the protections afforded by this type of policy.