Collapse Coverage on a Homeowners Policy

We are handling a collapse loss for a homeowners (HO 00 02 05 01) insured. The collapse was a result of hidden termite damage, so the loss is covered. But there is extensive additional damage to the sill plates and joists from the termites. If this were an HO 00 03 05 01, we could exclude coverage, but there is no exclusion under the HO 00 02. Surely coverage cannot be broader under a named perils policy than an open perils policy, but this appears to be the case.

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