What type of policy should an insured condominium unit owner purchase for fire and extended coverage?

A condominium unit owner should purchase an HO-6 policy for fire and extended coverage. This specific type of homeowners insurance is designed for condo owners and provides coverage for the interior of the unit and personal property. Unlike the broader HO-3 or HO-5 policies, which are intended for single-family homes, the HO-6 is tailored to address the unique needs of unit owners within a condominium association.

The HO-6 policy typically covers walls, floors, ceilings, and certain fixtures within the unit, which are often not insured by the condominium association's master policy. Additionally, it includes coverage for personal property and liability protection, making it a suitable option for protecting a condo owner's interests.

In contrast, the other options such as HO-3, HO-5, and HO-4 cater to different living arrangements and do not specifically address the coverage requirements of condominium unit owners. The HO-3 is a standard policy for single-family home owners, the HO-5 offers more comprehensive coverage than HO-3 but is also geared towards houses, and the HO-4 is designed for renters, lacking the specific provisions necessary for condominium ownership. Therefore, the HO-6 is the most appropriate policy for a condominium unit owner seeking to protect their property against events