HO-6 is designed for which type of policyholder?

HO-6 is specifically tailored for condominium owners. This type of homeowners insurance policy provides coverage for the individual unit and personal property within a condo, as well as liability protection. Unlike traditional homeowners (which cover the entire property structure) or renter’s insurance (which covers personal property only), the HO-6 policy acknowledges that condo owners typically share ownership of common areas and rely on a master policy held by the condominium association.

This insurance allows condo owners to insure their own possessions and structural improvements made to the unit, while the master policy would usually cover the overall structure and common areas. Since condo owners have unique needs regarding their living situations and property rights within the condominium structure, the HO-6 is specifically designed to meet these requirements.