Which of the following best describes a Tenant's Package Form?

• A. No coverage for personal property.
• B. It covers building and liability.
• C. It is the same as a homeowner's policy, except it does not cover the building.
• D. It does not cover theft.

Answer: (C)

A Tenant's Package Form is designed for renters and behaves much like a homeowners policy in how it protects the renter, but with a key difference: the building itself isn’t insured under the tenant’s policy because the tenant doesn’t own the structure. So the policy covers the renter’s personal property and provides liability protection, while the building insurance is handled by the landlord’s policy. The best description is that it’s the same as a homeowner’s policy, except it does not cover the building. The other statements miss this core idea: renters insurance does cover personal property (and often theft), and it does not insure the building itself.