Final answer:
The HO3 policy, also known as a Special Form homeowners insurance policy, often includes theft coverage for building supplies intended for construction on the property, but it's essential to review the insurance policy terms for specific coverage details.
Step-by-step explanation:
The question whether the HO3 policy provides theft coverage for building supplies that are next to the house and intended for construction is somewhat specific and can vary depending on the terms of the policy. However, generally speaking, the HO3 policy, also known as a Special Form homeowners insurance policy, typically offers quite broad coverage for the dwelling, other structures on the property, and personal property.
In many cases, materials and supplies that are intended for the construction or alteration of the insured dwelling or other structures on the property may indeed be covered in case of theft. It's important to review the specific terms of your insurance policy or speak with your insurance representative to understand the full extent of coverage provided.