What is one difference between an HO-3 and an HO-5 policy? (1 point)
• They are the same, but one is newer.
• The HO-3 policy does not include liability.
• The HO-3 uses replacement cost reimbursement for dwelling and actual cash value for personal property while the HO-5 uses replacement cost for dwelling and for personal property.
• An HO-5 does not include coverage for the dwelling.