How does HO-4 differ from HO-6 in terms of coverage?

The distinction between HO-4 and HO-6 primarily lies in the type of coverage they provide relative to the ownership of the property. HO-4, also known as renters insurance, is designed specifically for tenants who do not own the property they are living in. This policy provides coverage solely for personal property and liability but does not extend to the physical structure of the building itself, as that responsibility lies with the property owner.

On the other hand, HO-6, often referred to as a condo insurance policy, covers the unit owner’s personal property as well but also includes coverage for specific portions of the building that the owner is responsible for, like the walls and floors surrounding their unit. Additionally, HO-6 policies typically offer liability coverage and may provide options for coverage for common areas shared with other condo owners.

Thus, the correct answer about how HO-4 differs from HO-6 emphasizes that HO-4 is focused on personal property coverage for tenants while HO-6 includes provisions for the condo owner, including shared areas, which is reflective of the responsibilities and the nature of ownership in a condominium versus renting an apartment.