Does the HO-4 policy provide coverage for real property?

The HO-4 policy, often referred to as a renters insurance policy, is specifically designed for individuals who are renting a residence rather than owning one. This policy primarily provides coverage for personal property, which means it protects the belongings and valuables of the renter from various risks, such as theft or damage.

In the context of real property, it's important to note that the HO-4 does not provide coverage for the actual structure of the building itself—this is what distinguishes it from homeowners insurance policies like the HO-3. Since the insured party does not own the physical property (the building or complex where they reside), the HO-4 excludes real property coverage altogether. Thus, the statement that it does not provide coverage for real property is accurate.

Understanding the distinctions between different homeowners insurance policies, including the HO-4, is crucial for determining what types of coverage are included and what risks are addressed. This clarity helps renters to appropriately secure their personal belongings without expectations of coverage for the real estate they occupy.