Which of the following is NOT eligible for Dwelling coverage?

The correct answer is that an 8-unit apartment building in which the owner resides is not eligible for Dwelling coverage. Dwelling coverage is typically designed for residential properties that are used as primary residences or secondary homes. This type of coverage applies to structures that are not intended for commercial use and generally includes single-family homes, townhomes, and certain types of condos.

When it comes to residential properties like an 8-unit apartment building, the nature of the property changes because it is classified as an income-generating property rather than a dwelling for personal use. Insurance policies for such properties often fall under commercial lines or specialized multi-family dwelling policies which have different coverage provisions than standard dwelling coverage.

In contrast, single-family homes and townhomes can be insured under a standard dwelling policy as they meet the criteria for personal residences. Similarly, some condos can also qualify for this coverage depending on their ownership structure and how they are classified.