The HO-4 policy provides what type of peril coverage on personal property?

The HO-4 policy, commonly known as a renter's insurance policy, provides coverage for personal property against broad form perils. This means it covers a wide range of risks that can cause damage to personal belongings, including but not limited to fire, theft, vandalism, and certain types of water damage. Broad form coverage is comprehensive compared to basic forms, which typically cover only a select few named perils, and its inclusivity makes it an ideal choice for renters who need to protect their possessions.

In this context, other forms like basic or limited offer significantly reduced coverage, focusing only on specific named perils, which might leave valuable items exposed to risks not listed in those policies. The broad form nature of the HO-4 policy provides renters with a higher level of assurance that their property is adequately protected against a variety of risks, aligning well with the needs of individuals renting a home or apartment.