What type of policy should a renter buy to protect personal belongings and provide liability coverage?

A renter should buy an HO-4 policy, often referred to as a renter's insurance policy, to protect personal belongings and provide liability coverage. This policy is specifically designed for individuals who are leasing a home, apartment, or other types of rental properties. The HO-4 covers personal property against various risks, such as theft, fire, and water damage, ensuring that renters can be compensated for their lost or damaged belongings.

Additionally, the HO-4 policy provides personal liability coverage, which protects renters against legal claims resulting from injuries or property damage that occur on the rental premises. This is particularly valuable for renters, as it helps safeguard their financial interests in case of unexpected incidents.

Other policies mentioned are tailored for different situations. For instance, an HO-2 policy is a specific form of homeowners insurance that covers owner-occupied dwellings, while an HO-6 is designed for condominium owners providing coverage for personal property and the interior of the unit. A DP-3 policy is typically utilized for a dwelling that is rented to others (not a primary residence) and is more suited for landlords seeking coverage for property damage. Thus, the HO-4 is the most appropriate choice for renters.