Which of the following statements about the Homeowners 6 (unit-owners form)policy is true?
A)It includes personal liability coverage.
B)It covers personal property on an open-perils basis.
C)It covers the dwelling on an open-perils basis.
D)It is designed for tenants who rent an apartment or a home.

Question

Quizplus · Accepted Answer

The Homeowners 6 (unit-owners form) policy provides personal liability coverage for the policyholder. It is specifically designed for condo or co-op owners and does not cover the structure or building itself, only the unit owner's personal property and liability. Therefore, options B and C are incorrect. Option D is also incorrect as the policy is not designed for tenants but for unit owners.

Which of the Following Statements About the Homeowners 6 (Unit-Owners