Which ISO policy form is best designed to meet the homeowners insurance needs of a young couple purchasing a condominium?

The HO-6 form, also known as the Unit-Owners Form, is specifically tailored to meet the needs of condominium owners. This policy provides coverage for the interior of the unit itself, including improvements made by the owner. It correctly addresses the unique insurance needs that arise when owning a condominium, as the condominium association typically carries insurance for common areas and the exterior of the building.

The HO-6 policy covers personal property within the unit as well as liability coverage, making it an appropriate choice for a young couple purchasing a condo. It allows them to insure their individual unit and the belongings within it, which is essential for protecting their investment in a way that aligns with the shared ownership structure of condominiums.

In contrast, the HO-3 and HO-5 forms provide broader coverage for single-family homes and are not suitable for condominium unit owners since they do not cater to the specific requirements of condo ownership. The HO-4 form is designed for renters rather than homeowners, which means it would not apply in this context where the couple is purchasing and owns the property. Thus, the HO-6 is indeed the best choice for the insurance needs of a young couple buying a condominium.