Insurance 101: What exactly is the HO3 insurance?

The HO3 insurance helps you protect you, your family, and your valuables. But who exactly qualifies as an insured? Well, under   the HO3 insurance, four types of insured have provision of protection. But each with a different level of coverage. These four different kinds of insureds are:      1)  Named Insureds:  They are the most covered insureds (or entities) under  HO3 insurance  by all its terms. Considering they are the owners of the home, they should have dwelling, personal property, and liability coverage.      In case the dwelling is owned by a married couple, the policy must list both spouses as insureds. This way, it protects both individuals when one moves out, or they separate.      2)  Automatic Insureds:  In  HO3 insurance ,  insureds are not the owner of the dwelling . Thus,   there is no dwelling coverage for them. They are still qualified for liability and  personal property  coverage.       HO3 insurance  qualifies resident relatives, people unde