Which type of insurance policy would provide the most coverage for a person who owns a condo?

The unit-owners form, commonly referred to as the HO-6, is specifically designed for condo owners, addressing the unique needs associated with owning a condominium. This insurance policy typically covers the interior of the unit, including walls, floors, and personal property within the unit. It also often provides coverage for personal liability, loss assessments, and other enhancements that are essential for condo living.

In many cases, the condominium association's master policy will only cover the common areas and the building's structure but not the individual units. Therefore, the HO-6 policy is tailored to fill in those gaps by covering the property that the unit owner is responsible for and ensuring adequate protection against events like theft, fire, or damage.

This type of policy is crucial for condo owners because it specifically addresses their liability and property coverage needs more effectively than other options. Other forms, such as the HO-2 or HO-3, are geared more towards single-family homes and do not provide the comprehensive protection necessary for someone who lives in a condo. The HO-4 is intended for renters, covering personal property but not specific to unit ownership. This makes the HO-6 the most suitable option for providing optimal coverage for a condominium owner.