The owner of a condominium needs which of the following insurance policies?
A)HO-3.
B)HO-4.
C)HO-5.
D)HO-6.

Question

Quizplus · Accepted Answer

A condominium owner needs an HO-6 insurance policy, also known as a condo insurance policy. This policy covers personal property, liability, and improvements or upgrades made to the condo unit. The condo association typically carries a master policy that covers the structure and common areas, but it does not cover the individual unit owner's personal property or liability. HO-3, HO-4, and HO-5 policies are not appropriate for condominium ownership situations.

The Owner of a Condominium Needs Which of the Following