Your Ultimate Guide To How HO4 Renters Insurance Works

What is HO4 Renters Insurance ?

what does renters insurance cover ?

Renters Insurance provides coverages that can protect you from unfortunate events such as windstorms, hail, explosions, smoke damages, theft, fire, and so on. It secures your properties inside your home. Renters Insurance Coverage does not include damaged fixtures that belong to your landlord. Moreover, policies may differ for the dislocation of equipment or lawsuits. Here are the most common insurance coverages that Renters Insurance provides.

1. Personal Contents

Personal Contents coverage has some similarities to Homeowners’ Insurance coverage, such as theft or damages on your personal belongings. It covers your clothes, electronic devices, and anything movable inside your room or apartment. However, coverage costs for expensive items such as jewelry may vary. Learn more about Scheduled and Unscheduled Jewelry Coverage.

2. Additional Living Expenses

Disastrous events may have an extreme impact on your home. If your apartment becomes inhabitable, Additional Living Expenses can reimburse your lodging fees. It also covers your meals, transportation, and other living expenses.

3. Personal Liabilities

In case your visitor meets an accident in your room, Personal Liabilities can help pay for the medical fees. It also includes coverage if your visitor’s belongings are damaged. Personal Liabilities coverage also provides assistance if you face lawsuits as a result of an accident.
Landlords are allowed to require Renters Insurance for their tenants.

The landlord’s insurance covers the property and other common equipment when unfortunate events occur. However, it is also their best interest to make sure their tenants could afford to cover damages in times of disaster.

what does HO4 Renters Insurance not cover ?

Renters Insurance excludes coverage for your belongings in times of some calamities. You can review your insurance policy with your insurance company to verify. Here are some instances where Renters Insurance does not provide coverage.

  • Earthquake
  • Floods
  • Infestations
  • Terrorism or other acts of war
  • Undocumented Belongings

You can ask for assistance from insurance agents so you can be ready if the instances mentioned above happen. They can inform you about additional options to make sure you have enough coverage to protect your belongings. Contact our best agents now to know about the policies that are right for you.

how to file
a claim ?
Nobody wants for something bad to happen, but when it does, you must be ready and informed about the things you need to do to secure yourself and your belongings. In the event of a disaster, filing a claim can be your stress reliever. The insurance company will compensate you as soon as you file a claim. Here are the things to do to file a claim:

1. Tell Your Landlord

Inform your landlord immediately, even if the landlord is not involved. Most of the time, your agreement with your landlord will likely include that you call them immediately when something happens. If there are fixtures that belong to your landlord, your landlord will be the one to accommodate that. 

In the event where you lost your properties due to theft, the landlord should warn the other renters as well. Make sure to take extra measures when checking your apartment if it is safe to live in. Check all the things you need to make sure that your room is safe for you and the people you live with.

2. Collect Enough Documentation

Take photos of the damages as much as possible. Get hold of your inventory and your policy number. Write down the items that need fixing. If there are urgent replacements or repairs, keep the receipts for the items you bought. 

Make sure to have them properly recorded. Be reminded that valuable things need more documentation. Taking videos can also work to record the extent of the damages. Gather witness statements, if possible.

3. Contact Your Insurance Company

Tell your insurers that you will file a claim. The insurance company will immediately check the records as soon as possible to facilitate the claim. The insurance company can determine how long the process of claims will take place. The sooner you file a claim, the sooner the insurer will handle your claims.

4. File a Police Report If Needed

In the event where your belongings get stolen, you will need to file a police report. Police reports are essential, especially if there are needed investigations. It could help a lot for inspecting cases like fire or explosion. However, if there are fewer serious incidents, then there’s no need for a police report.

5. Finalize Your Claim Forms

It is highly essential for you to file an initial claim within an allotted period of time. Normally, the time limit for filing a claim from the time of the incident would be within 48-72 hours. However, if you need to leave your home temporarily, you can verify your claim for additional living expenses.

6. Collect Your Claim

Once your claim is processed, make a new inventory of your belongings. Make sure to include new things you bought that are in your original inventory.

Handling the impact of a disaster is never easy. However, with renters insurance, you could at least take care of your belongings. Thus, it can lighten up your load whenever you face potential financial losses due to harmful events.

You can ask for assistance if you want to know more about the process of filing a claim. Work with an insurance agent to discuss how the reimbursement process claims work.
how much does
renters insurance cost ?
Renters Insurance only covers your belongings and not the whole building. For this reason, it is cheaper than other forms of insurance. The rate of Renters Insurance depends on the type of building you live in and the cost of your belongings. The rate also varies depending on which insurance company you will work with and what type of policy you choose.
how to get discounts
with renters insurance

Insurance agencies can provide promising discounts to policyholders. The amount of discount you can avail varies by state and the insurance company you choose.  Here are some ways on how to get discounts on Renters Insurance.

  • Bundle with another type of policy
  • Install smoke detectors and deadbolt locks
  • Maintain a good credit
  • Stay in the same insurance company
  • Pay your policy in full.

Renters Insurance is not tax-deductible since it is considered your personal expense. However, if you run your business in your apartment, your insurance will be considered business expenses. 


You can always consult a tax professional if you run your business in your apartment. It is always best to contact an insurance agent to guide how much insurance you will need properly. You can call our insurance agents to help you find the right Renter Insurance coverage for you. Contact Us Now!

Overall, Renter Insurance is highly cheap and beneficial. The state law may not require it, but it’s always best to insure yourself from unexpected incidents. In most states, landlords include Renters Insurance in their lease forms. 


But whether it is a requirement or not, having Renters Insurance is one of the wisest decisions you make as a tenant. The costs of repairs, replacements, legal and medical fees can be quite expensive. Therefore it is just right to purchase policies that can help you avoid paying huge amounts out of pocket.


Renters Insurance provides peace of mind knowing that you’ll have available help to fix your belongings when something goes wrong. Get your insurance today, and you can obtain long-term protection for your belongings. In fact, you can contact us and get assistance immediately with the insurance policies you need. Get a Renters Insurance Quote Now!