What Does Form No. 6 Condominium Unit Owner's Form (HO-6) Mean?
Form No. 6 (HO-6) is a type of homeowners insurance policy that provides coverage for the personal property of condominium unit owners or shareholders of a cooperative building. The coverage may include other items not covered by the condominium association’s insurance as well as liability coverage and medical payments coverage.
Insuranceopedia Explains Form No. 6 Condominium Unit Owner's Form (HO-6)
Though similar to HO-3, it does not provide as much real property coverage as HO-6 is intended to work in conjunction with the master policy of the condominium owner. Aside from personal property, HO-6 generally provides coverage for the following:
- Improvements and alterations, such as built-in cabinets, appliances, interior dividers, or book shelves.
- Common areas, such as a portion of the hallway, sidewalk, or entrance.
- Real property exclusively belonging to the condominium unit owner, such as upgraded doors and locks.
- Structures off the premises, such as a garage or shed owned by the insured which are located in another part of the building.