Renters Insurance

Renters insurance is for people who currently rent their primary residence from someone else, you need an HO4, or renters insurance policy to protect your personal belongings and the liability exposures you may face. Renters insurance is usually very inexpensive and can provide you with a valuable tool to help “start over” if there is a catastrophic loss. Remember, your landlord cannot insure your belongings. Your landlord cannot pass the insurable interest test for coverage. Generally, they will also not cover you for liability if someone else gets injured in your home. As such, these risks would need to be covered on an HO4 or renters insurance policy.

Typical perils covered by this insurance include fire and lightning as well as the extended coverage of wind, hail, aircraft, riot or civil commotion, vehicles, explosion, smoke, vandalism or malicious mischief. Fire damage losses cause many heartaches for folks who rent because they rarely purchase renters insurance. The renters insurance policy also includes liability and medical payments coverage to protect you from legal problems should someone get injured while visiting you in your apartment or the home you rent.