What type of insurance is an HO-4 policy?

An HO-4 policy is specifically designed as renter's insurance, providing coverage for individuals renting a home or apartment. This policy offers protection for personal belongings against risks such as theft, fire, or vandalism and may also include liability coverage in case someone is injured in the rented space.

Renter's insurance does not cover the physical structure of the building, as that is the responsibility of the landlord or property owner. Instead, the focus is on protecting the tenants' personal property and providing liability coverage for potential accidents occurring within the rented unit. This makes it particularly important for renters to secure an HO-4 policy to safeguard their possessions and financial interests.