Which Homeowners' policy is best suited for a resident of a rented apartment to cover that person's personal property?
A)HO-3
B)HO-4
C)HO-5
D)HO-8
E)A Homeowners' policy will not apply since the real estate involved is not owned by the insured.

Question

Quizplus · Accepted Answer

HO-4, also known as a renter's insurance policy, is specifically designed to protect the personal property of residents of rented apartments or homes. It provides coverage for the insured's belongings against damages caused by named perils such as fire, theft, and vandalism. It also includes liability coverage for any accidents or injuries that might occur on the rented property.

Which Homeowners' Policy Is Best Suited for a Resident of a Rented