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The perils included in the HO₃⁻ policy for coverages A and B are the special _____ perils.

User Arminda
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Final answer:

The perils included in the HO3 policy for coverages A and B are the special named perils, which are specific risks or hazards listed in the insurance policy.

Step-by-step explanation:

The perils included in the HO₃⁻ policy for coverages A and B are the special named perils.

In insurance, a named peril is a specific risk or hazard that is explicitly listed in the insurance policy. In the context of the HO₃⁻ policy, coverage A typically pertains to the structure of the insured property, while coverage B is for detached structures.

Common examples of named perils in an HO₃⁻ policy include fire, lightning, windstorm, hail, theft, vandalism, and more. These perils are specifically named and covered by the policy, whereas any perils not explicitly listed are typically excluded.

User Crissal
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