If someone is looking for basic homeowner insurance covering minimal risks, which form should they consider?

The HO-8 policy form is specifically designed for older homes that may not meet current building codes or may have a value that does not reflect the replacement costs under standard homeowner policies. This form provides basic coverage, targeting minimal risks by offering more limited protection compared to other homeowner insurance forms. It often covers essential perils that can affect the structure and possessions, making it a suitable choice for individuals looking for a basic level of coverage without extensive additional protections or endorsements.

HO-5 and HO-6, on the other hand, are more comprehensive and provide broader coverage, catering to higher risks and extended personal property protection. HO-4 is tailored for renters, covering personal property but not the dwelling itself, which is not applicable for a homeowner seeking coverage. Therefore, for someone specifically interested in minimal risks and basic coverage for their home, the HO-8 policy form fits these requirements best.