What Every Renter Must Know About HO4 Insurance

HO4 insurance, also known as renters insurance, is designed to protect the personal belongings of individuals who rent their living space. Unlike homeowners insurance, which covers the structure of the home itself, HO4 insurance covers the contents within

the rental unit. Here are the key components of HO4 insurance:

1. Personal Property Coverage: Protects your belongings such as furniture, electronics, clothing, and other personal items from risks like fire, theft, and vandalism.

2. Liability Coverage: Provides protection if you are legally responsible for causing injury to someone else or damage to their property. This can cover legal fees and medical expenses.

3. Additional Living Expenses (ALE): Covers the cost of living expenses if your rental unit becomes uninhabitable due to a covered event. This can include hotel stays, meals, and other necessary expenses.

4. Medical Payments to Others: Pays for medical expenses if a guest is injured on your rental property, regardless of who is at fault.

HO4 insurance is typically affordable and provides valuable protection for renters, ensuring they are covered in case of unexpected events.