Why does the HO-4 form not provide dwelling coverage?

The HO-4 form, also known as a renter's insurance policy, is specifically designed for tenants rather than homeowners. This policy provides coverage for personal property within a rented dwelling but does not include dwelling coverage because the tenant does not own the physical structure of the building. Instead, the landlord typically retains responsibility for the property structure itself.

Because the HO-4 form is tailored to meet the needs of individuals who rent their living spaces, it focuses on protecting the tenant's belongings against risks such as theft, fire, and other perils. This is distinct from homeowner policies, like the HO-3, which protect both the structure of the home and personal property for those who own their residence. Therefore, the primary reason the HO-4 form lacks dwelling coverage is that it acknowledges tenants' needs and the existing landlord’s insurance responsibilities for the building.