What does HO-6 specifically cover?

HO-6, or Condominium Unit Owners Insurance, specifically provides broad forms of coverage tailored for individuals who own condominiums. This type of insurance is designed to protect the interior of the condo unit as well as personal property within it. The coverage generally includes protection against certain perils such as fire, theft, and vandalism, and it extends to personal property like furniture and appliances.

The HO-6 policy is particularly important for condo owners because, unlike traditional homeowners insurance that typically covers an entire dwelling and the surrounding property, condo insurance focuses more on the individual unit and its contents. This type of insurance also often includes liability coverage, protecting the owner against legal actions resulting from injuries or property damage to others that occur within the unit.

The other options do not accurately reflect the purpose of an HO-6 policy. Comprehensive risk coverage for vacation homes would involve different types of policies that cover broader risks associated with secondary residences. Basic risk for commercial properties relates to insurance for business premises rather than residential units. Lastly, suggesting that HO-6 covers only liability is incorrect, as it encompasses much more, including structural coverage and personal property protection.