Which of the following is true regarding an unendorsed HO-4?

The statement regarding the unendorsed HO-4 policy being true is that it includes the Broad Form named perils on an actual cash value basis. The HO-4 policy, commonly referred to as a renter’s insurance policy, is designed specifically for tenants who do not own the structure they are living in.

This policy provides coverage for personal property against a specific set of named perils, which are outlined in the policy. The coverage is on an actual cash value basis, meaning that if a covered peril causes damage or loss to the insured personal property, the compensation received will reflect the item's value at the time of loss minus depreciation, rather than the cost to replace the item with a new one.

Understanding this is crucial because renters typically need coverage for their belongings without the need for coverage related to the physical structure itself, which aligns with the nature of the HO-4 form, focusing on protecting personal items owned by the tenant.

In contrast, the other choices do not accurately describe the characteristics of an unendorsed HO-4 policy. It does not provide physical damage coverage for the structure itself, it does not cover personal property on a replacement cost basis without endorsement, and it is specifically tailored for renters rather than homeowners, thus not