The main difference between an HO-4 and an HO-6 is?

The distinction between an HO-4 and an HO-6 policy primarily revolves around the type of coverage each offers, particularly concerning the dwelling and the contents. An HO-4, often referred to as renters insurance, specifically covers personal property and liability but does not provide any dwelling coverage, as renters do not own the building they live in.

In contrast, an HO-6 policy, which is designed for condominium owners, does offer limited dwelling coverage in addition to covering personal property. This is crucial because condo owners are usually responsible for the interior portions of their units, whereas the exterior and common areas are typically insured by the condo association. Therefore, the correct response highlights that the HO-6 does indeed provide limited dwelling coverage along with contents coverage, making it suitable for the needs of condo owners who have to insure their own space.

While other options touch on aspects of each policy, they do not capture the essence of the primary difference as accurately as the correct choice does. Understanding these distinctions is vital for ensuring appropriate coverage based on living situations.