Tenant Rachel buys an HO-4 renters policy. Which coverage is provided by the HO-4 that DIFFERS from what an HO-3 owner would receive?

Question

Accepted Answer

HO-4 provides NO Coverage A dwelling because the tenant does not own the building; it provides Coverages C (contents), D (loss of use), E (liability) and F (medical payments)

Answer

HO-4 provides Coverage A on the dwelling at full replacement cost in exactly the same way an HO-3 does, with Coverage B other structures at 10 percent of Coverage A and Coverage C contents at 50 percent

Answer

HO-4 provides only Coverage E liability and Coverage F medical payments; the tenant's own belongings must be insured under a separate inland marine floater bought from the landlord's insurer, which is no part of the HO-4

Answer

HO-4 provides Coverage B other structures on the tenant's share of the garage and storage areas, but no Coverage C, so the tenant's furniture and clothing are uninsured under the form

Tenant Rachel buys an HO-4 renters policy. Which coverage is provided by the HO-4 that DIFFERS from what an HO-3 owner would receive?

Explanation

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