What is the main difference between an HO4 and an HO6 policy?

The main distinction between an HO4 and an HO6 policy revolves around the types of coverage they provide, particularly concerning dwelling and contents coverage. The HO4 policy, also known as tenant's insurance, is designed specifically for renters. It focuses on covering personal property and liability, but it does not provide coverage for the structure itself since the renter does not own the dwelling.

In contrast, the HO6 policy is tailored for condo owners. While it does include coverage for personal property, it also encompasses limited dwelling coverage. This means that the HO6 policy protects not only personal belongings but also covers specific parts of the condo unit that the policyholder is responsible for, such as walls, fixtures, or improvements made to the unit, typically in accordance with the condo association's bylaws.

This fundamental difference highlights that the HO6 policy is more comprehensive in terms of dwelling coverage in the context of ownership, while HO4 is specifically geared towards protecting the interests of renters.