HO4 Policy vs HO6 Home Insurance Policy // What’s The Difference!

Oct 17, 2019 (0) comment

ho4 policy vs ho6

Making sure you get the best home insurance policy can be a bit overwhelming.

And figuring out the how the different types of home insurance work, like an HO4 policy vs HO6, can be down right confusing.

But, it doesn't have to be:

There are only a few types of policies that are actually for your home and learning how they work isn't hard.

ho4 policy vs ho6

In this post today, I will go over the differences between an HO4 policy and an HO6 homeowners insurancehow they work and how to choose between the two.

​In This Article



What's An HO4 & HO6 Insurance Policy

Before we can talk about the differences between an HO4 and an HO6 policy, we first must understand how each plan works individually.

What is An HO6 Homeowners Policy 

An HO6 policy is just the technical name for Condo Insurance and is going to be for a condo owner.

This type of policy traditionally will only cover your personal property, personal liability, your walls, floors, and your ceilings when you live in a condo.

However, just like renters insurance, it doesn't cover the actual structure of the building nor will your homeowner's associations master insurance policy cover your personal items.

An HO6 policy is a named perils policy for both your personal items and your property, which means it will only cover your items if they are damaged by the set of specific perils listed in the policy.

What is An HO4 Homeowners Policy 

Also known as Tenant's Form insurance, the HO-4 policy is actually a more complicated name for renters insurance.

A rental policy will cover a renters personal property, personal liability, and some of them will cover loss of use.

Loss of use is if you are unable to stay in your rental because it is uninhabitable, the insurance company will pay for your lodging and food.

​Your belongings are covered by the same perils in an HO-2 broad form homeowners insurance policy.

This policy type is specifically for renters, since it covers only belongings and personal liability — not the building structure, which should be covered by the landlord's insurance.

An HO4 renters policy is also a type of named perils policy and will cover your apartment or items damaged by: 

  • Theft
  • Fire or Lightning
  • Explosion
  • Smoke
  • Freezing
  • Vehicles
  • Damage Due To Weight Of Ice, Snow, Or Sleet
  • Freezing Of Household Systems (Like AC)
  • Damage From An Artificial Electrical Current
  • Falling Objects
  • Volcanic Eruption
  • Windstorm or Hail
  • Riot or Civil Commotion
  • Damage caused by Aircraft
  • Vandalism or Malicious Mischief
  • Damage Caused By Vehicle
  • Accidental Discharge Or Overflow Of Water
  • Sudden And Accidental Tearing Apart Of Pipes 

Simply Insurance is the fastest way to compare condo or renters insurance online.

​"Simply Insurance... focuses on consumer-facing insurance products and instant online insurance quotes"

- USA Weekly

HO4 vs HO6 Homeowners Policy

The largest difference between the two policies is going to be that an HO4 policy is specifically for a rental and an HO6 policy was created for a condo.

Both of these policies work under the named peril guidelines when it comes to filing a claim; however, the HO6 policy will cover your interior walls that you own while an HO4 policy is usually just for your items in a rental.

An HO4 & HO6 policy are the same in that they will not cover any of the building items outside of your condo or rental and they also won't cover the shared spaces like a gym.

You should also try to get a policy that will give you replacement cost coverage no matter which policy you choose. 

Here is what it looks like: 

Dwelling Coverage (coverage for your physical house, inside and out) 


HO4


HO6


No Coverage


No Coverage (only the interior walls)

Personal Property Coverage (coverage for your stuff)


HO4


HO6


Named Perils


Named Perils

Claims Reimbursement


HO4


HO6


Actual Cash Value / Replacement Cost


Replacement Cost Value

Should I Get An HO-4 OR HO-6 Policy? 

You can only get an HO6 policy if you are moving into a condo so there really isn't much to decide when it comes to this. 

If you are renting out a house, apartment, or condo, you are going to need an HO4 policy and you will not be able to purchase an HO6 policy for a rental.

Keep in mind if you are renting, the policy your landlord will have on the unit will not cover your items; you will need your own rental policy.

In General, Who's It For? 

HO4 policies are available for rental properties only.

HO6 policies are going to be for a condo owner and it will cover your personal property and personal liability when you live in a condo.

Simply Insurance is the fastest way to buy home or condo insurance online.

​"Simply Insurance... focuses on consumer-facing insurance products and instant online insurance quotes"

- USA Weekly

Who Has The Best Rental Insurance Policy?

We have found the best renters insurance to come from Jetty, you can check out or quick review below.

jetty insurance logo

About Jetty Renters Insurance

Jetty is the newest entrant into the renters insurance world but is backed by State National Insurance company.

As of today State National has  an A (Excellent) rating with A. M. Best.

Product Features

  • Super Fast Quotes
  • Instant Online Coverage
  • Free Bed Bug Coverage
  • Jetty Membership Program
  • ​A Simple, 100% Online Application & E Signature Process
  • Available In All States Except: CT, FL, HI, IN, MO, & NC  

Simply Insurance Thinks

Jetty is going to be your best option for purchasing a rental insurance policy fast. 

You can get a quote and have coverage in under a few minutes and move into your rental with same day coverage.

Want to learn more?  Check out our full Jetty Insurance Review.

Who Has The Best Condo Insurance Policy?

We have found the best home insurance to come from Hippo, you can check out or quick review below.

hippo insurance logo

About ​Hippo Home Insurance

​Hippo is the newest entrant into the​ home insurance world but is backed by ​TOPA Insurance company.

​As of today TOPA has ​ an A- (​Excellent) rating with A. M. Best.

​Hippo believes that great ​homeowners insurance should be affordable, smart, convenient,​ and fast.

​Hippo wants to make sure that you are able to get a homeowners insurance policy that covers you for the most relevant things today.

Product Features

  • ​​Coverage For Your Home Office
  • ​​​​Free Water leak Sensor For Home
  • ​​Condo Insurance Available
  • ​Quotes In 60 Seconds
  • ​Mortgage Payment Protection
  • ​A Simple, 100% Online Application & E Signature Process
  • Available In: AL, AZ, CA, GA, IL, IN, MD, MN, MO, MS, NM, NV, OH, PA, SC, TN, TX, UT, WI  

​​A Free (Roost Water Leak Sensor) With Every Policy

With every policy Hippo offers a free Roost water leak sensor that has a value of $50.00. ​ According to Roost, you can outsmart water with their smart water leak and freeze detector. The way it works is that you place it anywhere the potential for flooding or leaking exists and ​if it senses water it will send an alert to your smart phone.

Simply Insurance Thinks

​Hippo has come out of the gates swinging at its competitors with on average 25% lower premiums.  They also have a much faster application and approval process which doesn't require an agent to complete.  Hippo is the best answer ​if you need fast quotes and fast coverage.

Want to learn more?  Check out our full Hippo Insurance Review.

​Take Action

There is no reason to go without condo insurance or renters insurance, in fact, over 70% of people don't even shop for their homeowners insurance. 

They just take what's offered by a real estate agent or mortgage broker.

Now that you understand the differences between and HO4 and HO6 policy it's time to take action. 

Remember, your policy should be unique to your specific situation and regardless of which policy type you choose, it needs to make sense for your home and personal property.

Check out our above reviews or click the above buttons to get a few quotes for renters or condo insurance.


Sa El is the Co-Founder & CEO of Simply Insurance. He is a Licensed Life and Health Insurance Agent with over 11 years of experience in the industry. He is an Entrepreneur, Insurance Educator and Field Underwriter. Sa is on a Journey to get 1 Million Families insured.

All posts by Mark Mathon

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