What coverage form is typically used for renters in homeowners insurance?

Renters typically utilize the HO-4 coverage form, which is specifically designed for tenants. This policy provides personal property coverage for renters who do not own the structure they live in, distinguishing it from other homeowners policies that are aimed at property owners.

The HO-4 form protects against loss or damage to personal belongings within the rented space due to perils such as theft, fire, and certain types of water damage. Additionally, it often includes liability protection, which is essential for renters to protect themselves from financial losses stemming from bodily injury or property damage to others.

In contrast, the HO-2 and HO-3 forms are tailored for homeowners who own their residences, with the HO-3 generally offering broader coverage than the HO-2. The HO-6 form is intended for condominium owners and provides coverage for the personal property within the unit and any improvements made by the owner.

Using the correct policy type is crucial for ensuring proper coverage and protection based on the specific living situation, making the HO-4 form the appropriate choice for renters.