Final answer:
An HO4 insurance policy, also known as renter's insurance, primarily provides coverage for the tenant's personal property within a rented property and includes liability protection.
Step-by-step explanation:
An HO4 insurance policy is commonly known as renter's insurance. It is designed specifically for those who rent the place they live in, such as an apartment, house, or condominium. The HO4 policy typically provides coverage for the tenant's personal property against specific perils such as theft, fire, and vandalism. It also offers liability protection for the policyholder in case someone is injured on their rented property. However, an HO4 does not typically cover the building itself or other structures on the property, which are usually the responsibility of the landlord's insurance policy.
In summary, the correct answer to the question is 3) tenant's personal property.