Which homeowner policy (HO) is typically used for a condominium or cooperative unit owner?

• A. HO-6
• B. HO-4
• C. HO-2
• D. HO-1

Answer: (A)

The main idea is that condo or cooperative unit owners rely on a policy tailored for owning a unit within a multi-unit building. That policy is HO-6. It’s designed to cover the parts of the home inside the walls of the unit, including personal belongings and any improvements or betterments you've added to the interior. It also provides liability protection and, importantly, can cover loss assessments charged by the homeowners association if the HOA master policy doesn’t fully pay for damages to common areas that impact your unit.

Think of it this way: the HOA’s master policy generally covers the building’s structure and shared spaces, while HO-6 fills the gap by protecting what’s inside your unit and shielding you from liability claims, plus potential HOA assessments. Other forms like HO-4 are for renters, and HO-2 or HO-1 are older or broader forms not specifically tailored to condo or cooperative ownership, so they don’t align as well with the needs of a unit owner.

So HO-6 is the policy built for condo and cooperative owners, addressing interior coverage, belongings, liability, and potential loss assessments.