Final answer:
The HO6 form, known as the condo owners insurance policy, is the homeowners insurance that covers a condo. It is tailored to cover personal property, liability, and the interior of the condo unit. HO4, HO3, and HO8 do not provide proper coverage for condos.
Step-by-step explanation:
The homeowners insurance form that will cover a condo is the HO6 form, also known as the condo owners insurance policy. This specialized policy provides coverage for the unit owner's personal property, liability, and the interior structure of their individual unit. Options HO4, HO3, and HO8 do not cater to condo ownership as follows:
- HO4 is designed for renters, to cover personal property within a rented property and personal liability.
- HO3 covers standalone homes and is the most common type of homeowners insurance.
- HO8 is specifically for older homes where the cost to replace may be higher than the market value, providing actual cash value coverage rather than replacement cost.
If you own a condo, it's important to ensure you have an HO6 policy to meet the unique insurance needs of condo ownership.