The perils that a homeowner's insurance policy does not cover are known as exclusions. These specify the events that will not receive coverage from a standard agreement. The types and extent of exclusions contained within a policy will depend on whether it is classified as an HO-1, HO-2, or HO-3 offering. An HO-1 plan is not sold in most states anymore, as it concerned only a small list of perils. An HO-2 policy, also called a broad form, covers 16 named perils, including events like fire, wind, theft, etc. The most popular offering, the HO-3, looks after most perils except for what is specified in the plan. The standard HO-3 exclusions are listed below.