HO4 is renters and tenant insurance. Since this coverage is available only to renters and tenants, it covers damage or loss of personal property rather than loss or damage of the structure itself. HO4 provides liability coverage in case of an accident, but it doesn’t cover structural damage. The personal property coverage provided by HO4 is similar to the coverage provided HO2. All risk coverage is available for HO4 insurance and is recommended. All risk coverage includes coverage for all risks except those excluded from homeowner’s coverage including damage caused by law, earth movement, water damage, power failure, neglect, war, nuclear accidents and intention loss.