HO-2 is a broad coverage form, which means it covers which of the following perils?

The HO-2, also known as the Broad Form Homeowners Policy, is designed to provide coverage for a variety of named perils. One of the key features of this type of policy is that it protects the insured against specific risks that are explicitly listed within the contract.

Explosions are indeed one of the perils covered under the HO-2 form, highlighting the policy's aim to safeguard homeowners from significant and damaging events. This includes damage resulting from explosions in or around the covered dwelling, making it an important inclusion for risk management in home insurance.

On the other hand, perils such as war, power failure, and neglect are not included in the coverage. War is generally excluded due to the unpredictability and widespread nature of war-related damages. Power failure typically falls under exclusions since it's often seen as a utility-based issue not directly induced by the homeowner's property. Neglect, which refers to the failure to take proper care of the property, is also excluded because homeowners are expected to maintain their homes adequately in order to prevent loss or damage.

Thus, the inclusion of explosions as a covered peril underscores the comprehensive approach of the HO-2 form in protecting against common risks that homeowners might face.