Which types of buildings qualify for Homeowner's Insurance?

Homeowner's Insurance is designed specifically to protect owner-occupied residential properties, typically covering single-family homes, but it also extends to certain types of multi-family dwellings. The correct answer identifies that dwellings with up to four families, provided at least one unit is owner-occupied, qualify for this insurance. This type of coverage acknowledges that properties containing multiple family units can still be considered residential, as long as they meet the condition of owner occupancy.

This is important because homeowner's insurance policies generally encompass not just the structures themselves, but also personal property and liability risks associated with living in these homes. For example, a duplex or triplex where the owner resides in one unit while renting out the others can be effectively insured under a homeowner's policy, as it falls within the specified criteria.

Other options do not align with the requirements for Homeowner's Insurance. Commercial buildings with multiple units do not qualify since they fall under commercial insurance policies catered to business properties. Single-family homes only would be too restrictive, as the relevant policies include multi-family units as long as they adhere to owner-occupancy requirements. Multi-story apartments for renters do not qualify because these structures are typically considered rental properties and would be insured under different rental or landlord insurance policies, which