Renter's Insurance (HO4)
Renters Insurance covers the contents of a rented property. The renter insures their own personal property, but is not responsible for insuring the actual building structure, as that is the responsibility of the landlord. Generally, the coverage is inexpensive to obtain, and also covers the renter in the event someone is injured inside their rented property. Renter's Insurance is often an overlooked policy type because many renters either don't know it exists or don't think it's necessary. In a 2014 Survey conducted by Nationwide, it was found that nearly 56 percent of renter's did not have a Renter's Policy.*