For what amount does the Unit-Owners Form (HO6) provide coverage for improvements and betterments?

The Unit-Owners Form (HO6) provides coverage for improvements and betterments made to a condominium unit. The standard limit for this coverage under the HO6 policy is typically set at $1,000. This is an important aspect of the policy because it recognizes that unit owners may make enhancements to their units beyond the builder's original specifications and need protection for those investments.

This coverage is crucial for a condo owner, as it ensures that if there's a loss due to a covered peril, they can receive compensation for the value of the improvements they have made, up to the specified limit. Understanding this coverage helps unit owners to effectively protect their financial interests and to assess whether additional coverage is needed based on individual circumstances. Thus, $1,000 is the correct amount specified for improvements and betterments in the context of the HO6 policy.