What does the HO-4 Broad Form Tenants policy primarily protect?

The HO-4 Broad Form Tenants policy is specifically designed for renters and offers coverage primarily for personal property against named perils. This means that it protects the belongings of the tenant—such as furniture, clothing, and electronics—against specific risks that are outlined in the policy, such as fire, theft, and vandalism.

Unlike homeowners policies that provide coverage for the physical structure of the property, the HO-4 policy does not cover the building itself because tenants do not own the property. Therefore, it is not concerned with structural damage, which distinguishes it from other homeowners insurance types. The focus is on safeguarding the tenant's possessions, providing financial protection against the loss or damage of personal belongings.

In addition, while loss of rental income and comprehensive physical loss might seem relevant, those are not the central focus of the HO-4 policy. The primary aim is to ensure that a tenant's possessions are covered against the risks specified in the policy.