Which Homeowner Policy Form should a tenant purchase?

The HO-4 policy form, also known as renters insurance, is specifically designed for tenants. This policy provides coverage for personal property against various risks, such as theft, fire, and certain types of water damage, which is essential for individuals renting an apartment or house. It does not cover the physical structure itself, which is the landlord's responsibility, but it does include liability coverage, protecting the tenant if someone is injured in their rented space.

In the context of other policy types, HO-2 and HO-3 are homeowners' policies aimed at those who own their property, with HO-2 providing broad form coverage for the dwelling and HO-3 offering open peril coverage for the dwelling, meaning it covers all risks except those specifically excluded. An HO-6 policy is tailored for condominium owners and covers personal property and certain structural elements within the condo, but it is not suitable for renters. Thus, for a tenant looking to protect their personal belongings and liability, the HO-4 is the appropriate choice.