Protect what’s most valuable to you.
Renter’s Insurance is coverage is generally for those who occupy a home or apartment but do not own the residence. The renter’s insurance policy or HO-4 usually provides coverage for personal property, loss of use, personal liability and medical payments.
Renter’s insurance most commonly has a flat deductible of anywhere between $100-$1000, depending on the carrier. The deductible is usually the same whether the incurred loss is from a hurricane or a fire.
The coverage you select for personal property should how much it would cost to replace all your personal belongings in the event they were all destroyed.
Personal Property or Coverage C
Coverage for your personal possessions in the event of loss or damage.
Examples: Furniture, clothing, linens and dishes
Additional Living Expenses or Coverage D
Pays increased living expenses while the home is being repaired.
Example: The increased costs incurred to reside elsewhere while the home you resided in is being repaired.
Personal Liability or Coverage E
Coverage for claims filed against you as a result of accidental injuries to others and/or unintended property damage.
Example: You accidentally hit your friend with a golf ball on a sweet drive.
Medical Payments or Coverage F
Pays for actual medical expenses including accidental injuries to others.
Example: Your friend falls down not due to your negligence in the home.