The homeowner's policy most suitable for renters is the
A)HO-1.
B)HO-2.
C)HO-3.
D)HO-4.

Question

Quizplus · Accepted Answer

HO-4 policies are designed specifically for renters and offer coverage for personal property and liability, as well as additional living expenses in case of a covered loss. HO-1 policies are basic and offer minimal coverage, while HO-2 and HO-3 policies are designed for homeowners and may include coverage for the physical structure of the home, which renters do not need.

The Homeowner's Policy Most Suitable for Renters Is the