Which homeowners policy form is designed for insureds who are renters?

The homeowners policy form specifically designed for individuals who are renters is the HO-4 form, commonly referred to as renters insurance. This policy provides coverage for personal property, liabilities, and additional living expenses for tenants living in a rented space. It focuses on protecting the renter's belongings against various perils, as well as offering liability coverage in case an accident happens in the rented property.

The HO-5 and HO-3 forms are designed for homeowners, providing more extensive coverage for the structure of the home as well as personal property, but they are not applicable to renters. The HO-2 form offers a specific set of coverages for homeowners as well but does not address the needs of individuals who do not own the space they live in. Thus, the HO-4 is uniquely tailored to the requirements of renters, making it the correct choice for this question.