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 be 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.