Remember your landlords insurance policy does NOT cover your personal belongings. Don’t wait until a pipe bursts, or there is a fire to learn this. Renters insurance is relatively inexpensive.
HO-4 insurance, most commonly referred to as renters insurance, is an insurance policy that covers tenants from loss of personal property.
Renters insurance does not cover the actual structure house/apartment that you are renting; the landlord’s property is covered by a dwelling insurance policy. Renters insurance is a comparatively inexpensive policy that provides beneficial coverage and security in the event of a disaster. It’s surprising how much you have invested when you look at your personal property, such as televisions, jewelry, computers and the like, begin to be accounted for, the total is much higher than you might have first believed.
HO-4 insurance covers renters from loss of personal effects from different disasters. Floods and earthquakes are generally not covered under this policy. The following is a list of a few of the disasters that are covered under HO-4 insurance:
- Water damage from plumbing, or appliances
- Electrical surges
- Smoke and or Fire damage
- Wind Damage and or Lightning
- Gas Explosions
- Theft, Vandalism & malicious mischief
- Weight of ice, snow & sleet
Unable to occupy due to unlivable conditions
Should your rental home become unlivable due to any reason covered by your HO-4 policy, your renter’s insurance will normally cover your additional living expenses. This usually means that they will pay for you to live somewhere else until your home is repaired to livable conditions.
Slip and fall – Liability Insurance
Most renter’s insurance policies offer liability protection. This coverage protects visitors should someone in your home slip and falls and as a result requires medical attention. You would be covered for any related costs, up to your liability limit. Also, if you are sued by this person, you are covered for legal expenses up to your policy’s limit.
For more information contact an agent at Cantiani Insurance Agency at 318 Plantation Street, Worcester, MA 01604. Phone: 508-791-2088 we’ll be glad to help! Or fill out the contact form below.