Which of the following is not eligible for a homeowner policy?

The accuracy of the answer lies in the understanding of the criteria that define eligibility for coverage under a standard homeowner's policy. A homeowner policy is specifically designed for owner-occupied properties. Therefore, residences must be occupied by the owner rather than leased to tenants.

The single-family occupied dwelling, condo unit, and rental apartment can qualify for certain types of homeowner's insurance, though in some cases, limitations may apply regarding liability or coverage based on rental arrangements. However, the critical distinction pertains to the non-owner-occupied dwelling, which is not eligible for a homeowner policy because it does not meet the owner-occupancy requirement fundamental to these types of policies. Instead, this type of property would typically require a different policy, often classified as a dwelling policy or landlord insurance, which specifically addresses the risks associated with rental properties.

Understanding these distinctions is important for anyone in the field of insurance, as it influences not only the type of coverage that can be obtained but also the underwriting considerations that come into play when determining insurability.