Which types of dwellings are eligible for a dwelling policy?

The correct response highlights that a dwelling policy is designed specifically for residential properties, particularly those that contain 1 to 4 units, which can include options for boarders. This type of coverage is tailored to provide protection for residential properties that may be rented to tenants or include individuals living in the same building.

This policy can cover various types of risks associated with owning a residential property, such as damage to the structure from specific perils, liability coverage, and loss of rental income, making it suitable for smaller, multi-family living situations.

In contrast, the other options listed—commercial structures, high-rise buildings, and industrial warehouses—do not qualify for dwelling policies. Commercial structures and industrial warehouses are typically insured under commercial property policies designed for non-residential properties, which address different risks and coverage concerns. Similarly, high-rise buildings, which usually accommodate many units and have different operational needs, also require distinct insurance products tailored to their unique risk profiles. Therefore, the one option that aligns with the dwelling policy's intent and framework is the one concerning 1 to 4 unit dwellings with boarders.