Which homeowners policy is intended for condominium owners?

The homeowners policy that is specifically designed for condominium owners is the HO-6 policy. This type of insurance provides coverage for the interior of the unit, including personal property, personal liability, and any improvements made by the homeowner, while the condominium association's master policy typically covers the building structure and common areas.

Condominium owners may have unique insurance needs that differ from standard homeowners, especially regarding shared ownership and liability concerns. As a result, the HO-6 policy is tailored to address these specific requirements, ensuring that condominium owners have adequate protection for their personal belongings and any personal liability that arises within their individual unit.

The other policy types serve different purposes: the HO-5 is designed for homeowners with comprehensive coverage for both structure and personal property, the HO-7 is intended for mobile or manufactured homes, and the HO-8 is generally used for older homes that may not meet certain replacement value criteria. Each of these policies addresses distinct situations, thus highlighting why the HO-6 is the correct choice for condominium owners.