What type of insurance plan is designed to cover condominiums?

The type of insurance plan specifically designed to cover condominiums is the HO-6 policy. This insurance is tailored for owners of condominiums and provides coverage for the interior of the unit, personal belongings, and personal liability. It typically covers areas that are not addressed by the condominium association's master policy, such as improvements made to the unit, interior walls, flooring, and other fixtures.

HO-6 policies are vital for condominium owners because the association's master policy generally covers common areas and the exterior of the building but does not extend to individual units. This specialization makes the HO-6 the correct answer for those seeking insurance specifically for condominium ownership.

In contrast, HO-4 is designed for renters and does not cover the structure, while HO-3 provides more general homeowners insurance primarily for single-family homes, and HO-5 offers enhanced coverage options, typically for high-value homes. These policies do not cater to the specific needs of a condominium unit owner, which is why they are not the appropriate choice.