Which of the following is true about eligibility for HO coverage?

The statement regarding eligibility for homeowners (HO) coverage that is accurate is that secondary dwellings in the same state may be covered. Homeowners insurance typically provides coverage primarily for the owner-occupied primary residence, but many policies also allow for secondary residences, such as a vacation home or a rental property, as long as they are located in the same state.

This aspect of coverage acknowledges the reality that homeowners often own multiple properties that are utilized for personal use or investment purposes. However, it's important to note that while secondary dwellings may qualify for coverage, there might be specific conditions or limitations tied to that coverage, depending on the insurer’s guidelines.

Other options may not align with the specifications and conditions set by typical homeowners insurance. For instance, single-family homes are often a focus of HO coverage, but that does not mean that only they are eligible, as multi-family dwellings can also qualify with certain stipulations. Likewise, while homes that engage in business activities might be covered under a homeowner's policy, it is unlikely that those activities would be fully covered without specific endorsements or adjustments to the policy.