What is typically included in a standard HO-4 policy?

A standard HO-4 policy, also known as a Renter's Insurance policy, primarily provides personal property coverage. This type of policy is designed for individuals who are renting a home or apartment and do not own the dwelling itself. It offers protection for personal belongings against risks such as theft, fire, and other unforeseen events.

While the HO-4 policy emphasizes personal property, it also includes liability coverage that protects the policyholder from claims of bodily injury or property damage that occur within the rented space. However, it does not provide coverage for the dwelling structure itself, as that is the responsibility of the property owner. Additionally, coverage for loss of rental income is applicable to landlords and not to renters under the HO-4 policy. Therefore, personal property coverage is indeed the most definitive feature of this policy, making it the correct answer.