Characterize the elements of homeowner's insurance coverage by addressing the following: Describe three factors affecting the premium for a homeowner's insurance policy. Differentiate between HO-1 and HO-2 homeowner's coverage. Based on the information provided, indicate the type of coverage that you would select for your home for this project. 

Describe the purpose of HO-4 coverage. If the apartment building caught on fire and the renter's personal possessions were damaged, indicate if the apartment building owner's insurance coverage would provide reimbursement for any loss and provide your rationale.