Which Homeowner Policy Form offers named peril coverage for personal property in a condominium?

The Homeowner Policy Form that offers named peril coverage for personal property in a condominium is indeed the HO 00 06. This specific form is designed for condominium unit owners and provides coverage specifically tailored to their needs, including coverage for personal property on a named peril basis.

Named peril coverage means that the policy explicitly lists the perils that are covered, such as fire, theft, or vandalism, which is distinct from open peril coverage that protects against all risks except those specifically excluded.

In the context of condominium insurance, HO 00 06 recognizes the unique living situation of condo owners, providing them with appropriate coverage for their unit and personal belongings, while also accounting for the shared elements of the condo property as typically covered by the condominium association's master policy. This makes it especially beneficial for condo dwellers looking to ensure their personal property is protected against specified risks.