What type of insurance policy must a condo owner typically purchase?

A condo owner typically needs to purchase an HO-6 condo policy because it is specifically designed to meet the unique needs of condominium owners. This type of insurance covers the personal property of the condo owner and provides liability protection. It also covers improvements and alterations made to the unit, which are not included in the master insurance policy held by the condominium association.

The HO-6 policy fills in the gaps where the condo association's master policy may not provide coverage, particularly for the individual owner's personal belongings, interior upgrades, and personal liability. This specialized focus makes it the most suitable choice for a condo owner, ensuring they are adequately protected against potential risks.