Contents Broad Form (HO4) is generally recognized as what type of insurance?

Contents Broad Form (HO4) is specifically designed for renters, making it a type of renters’ insurance. This policy offers coverage for personal possessions against a range of perils, such as theft, fire, and vandalism, while also providing liability coverage. Unlike homeowner’s insurance policies, which typically cover both the dwelling and personal property, renters’ insurance only addresses personal property, as the dwelling itself is the responsibility of the landlord.

Landlord insurance refers to policies that protect property owners against risks related to rental properties, which is not applicable here since HO4 is aimed at tenants. Furthermore, commercial property insurance is intended for businesses to protect their physical assets, which is also distinctly different from the intended coverage of contents broad form. Therefore, the focus of HO4 on the personal belongings of renters confirms its classification as renters’ insurance.