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

The HO-6 Unit-owners Form is specifically designed for condo owners, providing coverage that is directly tailored to the unique needs associated with owning a condominium. This type of policy covers personal property within the unit, as well as any structural improvements made to the unit after purchase, which are typically not covered by the condo association’s master policy.

Additionally, the HO-6 form may include personal liability coverage, which protects the owner in case there are incidents or accidents that occur within their unit. This type of insurance is critical for a condo owner, as the common areas and external structures are usually covered under the association’s policy, but the interior and personal belongings require separate coverage.

In contrast, while the other forms listed may provide varying levels of coverage, they are either not suited for condominium ownership or do not offer the specific protections required for someone living in a condo. For instance, the HO-2 and HO-3 forms are designed for homeowners, addressing single-family dwellings and not catering to the unique circumstances of condo living, whereas the HO-4 form is intended for renters and provides limited coverage for personal belongings but does not protect the unit's structure or improvements.