Which policy offers no coverage for personal property?

The HO-8 policy is specifically designed for older homes where the replacement cost might significantly exceed the market value. This policy is often utilized for homes that do not meet the standard eligibility criteria for other homeowners insurance types due to their age or unique characteristics. One of the defining features of the HO-8 policy is its limited coverage for personal property; it primarily focuses on protecting the dwelling itself against certain named perils rather than covering personal belongings within the home.

In contrast, other policies like HO-3, HO-2, and HO-5 provide varying levels of personal property coverage as part of their comprehensive homeowner insurance offerings. For instance, the HO-3 and HO-5 policies provide broader protections and typically extend coverage to personal property, while the HO-2 includes named perils for personal property. Therefore, the distinction of the HO-8 policy lies in its lack of personal property coverage, making it suitable for specific situations but not ideal for homeowners looking to protect their belongings.