Which HO form is explicitly designed for condominium unit owners and covers their unit and personal property?

• A. HO-4
• B. HO-6
• C. HO-3
• D. HO-2

Answer: (B)

Condominium unit owners need a policy that protects the interior of their own unit and their personal belongings, while the building’s exterior and common areas are typically insured by the HOA’s master policy. The condo unit owners form is designed exactly for that setup. It provides coverage for the unit’s interior and any improvements or betterments you’ve made inside the unit, plus protection for your personal property inside the unit. It also includes liability protection and, uniquely, loss assessment coverage that helps pay your share of HOA assessments if a covered loss affects the common areas. Because of this focus on the condo unit and the owner's belongings within it, this form is the best fit for condominium owners. Forms designed for renters or for other dwelling scenarios don’t target condo ownership in the same way and don’t include the same combination of interior-unit coverage and loss assessment features.