Which property insurance policy is specifically designed for renters?

Renter's insurance, often designated as HO-4, is specifically tailored for individuals who lease or rent their living spaces. Unlike homeowners insurance, which is meant for property owners and covers the structure itself as well as personal belongings, renter's insurance focuses on protecting the tenant's personal property from various risks such as theft, fire, and vandalism.

Renter's insurance also typically includes liability coverage, which protects the renter if someone is injured in their rented space, and can help cover legal expenses. It is designed to address the unique needs of renters, making it the appropriate choice for individuals who do not own the property they live in.

While homeowners insurance and condo insurance are both relevant types of coverage, they are not applicable to renters in the same way as renter's insurance. Moreover, landlord insurance is intended for property owners who rent out their properties, thereby making it irrelevant for tenants. This differentiation in coverage types underscores why renter's insurance is specifically designed for renters.