Which homeowners policy is designed for tenants or renters?

The homeowners policy specifically designed for tenants or renters is the HO-4 policy, often referred to as renters insurance. This type of policy provides personal property coverage for individuals who do not own their dwelling but are renting it. It protects the tenant's personal belongings against various risks, such as theft, fire, and vandalism, while also offering liability protection in case someone is injured while on the premises.

Renters do not need coverage for the physical structure of the building itself, as this is typically the responsibility of the landlord. Therefore, the HO-4 policy focuses solely on the tenant’s personal property and liability, making it specifically suited for their needs. Other policy forms, such as the HO-2, HO-3, and HO-5, are aimed at homeowners and provide coverage for the structure of a home along with supplemental features tailored for property owners.