Which policy form is designed to cover residences occupied by the owner?

The policy form designed to cover residences occupied by the owner is referred to as the Special policy. This type of policy typically provides a comprehensive level of coverage and is often tailored for homeowners. It insures the structure of the home and may also include personal property within the residence, as well as liability coverage for incidents that occur on the property.

The Special policy is known for its "all-risk" coverage, which means it protects against a wide array of perils unless specifically excluded. This is especially beneficial for homeowners because it provides peace of mind regarding various unforeseen risks that could result in damage to their home.

In contrast, the Basic policy usually covers only named perils, while the Broad policy offers a wider range of coverage than the Basic but may not be as comprehensive as the Special policy. The Personal property policy generally focuses on personal belongings rather than the structure itself and is not specifically intended for owner-occupied residences. Therefore, the Special policy stands out as the most appropriate coverage for homeowners occupying their residences.