How many owner-occupied residences per covered home are allowed by Homeowners Policies?

• A. One to four family owner-occupied residences
• B. Only one residence
• C. Two to three residences
• D. Any number of owner-occupied residences

Answer: (A)

Homeowners policies are designed for owner-occupied residences and are written for up to four housing units in a building. This means you can own a single-family home or a multi-unit building—two, three, or four units—as long as the owner occupies one of the units. The coverage is intended for personal residences, not large rental properties. If a building has more than four units or isn’t owner-occupied, a standard homeowners policy typically wouldn’t apply, and a different type of policy, such as a landlord or commercial form, would be more appropriate.