Copyright 2008 The Insurance Files
    HO-4 homeowners insurance is a popular form of insurance for those that do not have the credit or credit history to buy their own home and as a result, they rent a home instead. Another name for HO-4 insurance is renters insurance. Millions of people rent their home and just assume their landlord (the homeowner) would have an insurance policy, such as an HO-3 policy and they would automatically be protected. Unfortunately, this is not the case. The policy of the landlord covers the actual home itself and any other structures on the property, but that leaves your personal items vulnerable to disastrous events. HO-4 insurance will provide a solution to that problem with coverage for your possessions against incidents such as fire, theft or broken water pipes. Because only the person items are covered and not the buildings, the

insurance is generally inexpensive to have.

    On top of the protection for your items, HO-4 also provides liability coverage if there is ever someone injured at your residence and files a claim against you. Now, let's say you are cooking and a fire starts that damages or destroys part or all of the home, your renters insurance may cover some of the costs of repair and replacement. Ideally, the owner will have a policy as well to supplement your HO-4 policy to fully cover the damages. If you rent a home and have items you feel need to be protected, get a free homeowners insurance quote and be sure to specify you want an HO-4, or renters insurance, policy.