Which homeowners form is designed for tenants and provides personal property on a named-perils basis?

Which homeowners form is designed for tenants and provides personal property on a named-perils basis?

• A. HO 2
• B. HO 3
• C. HO 4
• D. HO 8

Answer: (C)

Renter’s coverage focuses on the tenant’s personal belongings inside a rented dwelling and uses named-peril coverage for those items. The form designed for tenants is the HO-4, often called the contents broad form. It covers the tenant’s personal property on a named-perils basis and provides liability protection, but it doesn’t insure the building itself because the landlord owns the structure. Other homeowners forms are meant for owner-occupied residences and include dwelling coverage (or are tailored to different situations like older homes with actual cash value). So, the renter-focused form that provides personal property coverage on a named-perils basis is HO-4.

Renter’s coverage focuses on the tenant’s personal belongings inside a rented dwelling and uses named-peril coverage for those items. The form designed for tenants is the HO-4, often called the contents broad form. It covers the tenant’s personal property on a named-perils basis and provides liability protection, but it doesn’t insure the building itself because the landlord owns the structure. Other homeowners forms are meant for owner-occupied residences and include dwelling coverage (or are tailored to different situations like older homes with actual cash value). So, the renter-focused form that provides personal property coverage on a named-perils basis is HO-4.