HO-4 is designed for which type of residents?

The HO-4 policy, also known as renters insurance, is specifically designed for tenants or renters who do not own the dwelling they reside in. This insurance provides coverage for personal property within a rented space, protecting against risks such as theft, fire, or vandalism. Additionally, it typically includes personal liability coverage and may offer additional living expenses if the rental unit becomes uninhabitable due to a covered event.

Homeowners and condominium owners, on the other hand, utilize different types of policies that cover not only personal property but also the structure of the dwelling itself and any associated responsibilities. Commercial property owners would need a completely different insurance product tailored to businesses, which is not applicable in this context. Thus, the HO-4 policy's focus on personal property and liability makes it suitable exclusively for tenants or renters.