Which homeowners policy is designed to cover condominium units?

The homeowners policy specifically designed to cover condominium units is the HO 6 policy. This type of policy provides coverage for the interior of the unit and personal belongings of the policyholder, as well as liability protection. It recognizes that condominium owners typically do not own the building itself or the common areas, which are often covered by a master policy held by the condominium association. Therefore, the HO 6 policy fills the gap for individual unit owners by offering coverage tailored to their specific needs.

In contrast, the other policy types serve different purposes. The HO 5 policy is a comprehensive form that covers single-family homes, the HO 4 policy is meant for renters, and the HO 3 policy is also for single-family homes but offers broader coverage compared to HO 5. These policies do not apply to condominium units as they address different types of residential properties.