A Homeowners 3 policy (HO 3) is written on an owner occupied dwelling and protects you against all types of damage, except for those specifically excluded from coverage by the policy. The HO 3 also provides coverage for your personal property but only for specific types of coverage. It also protects you for the replacement cost of you home and other structures and will provide optional coverage for replacement cost on your personal property and scheduled personal property. Additionally, coverage for Loss of Use of your home until it can be repaired is provided. Personal Liability and Medical Payments to others is included under the HO 3 policy.