The main difference between an HO-3 and an HO-5 is that the HO-3 insures personal property for broad form perils and the HO-5 insures personal properties for open perils.

The main difference between an HO-3 and an HO-5 is that the HO-3 insures personal property for broad form perils and the HO-5 insures personal properties for open perils.



Answer: True

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