Renters Insurance HO4
HO4 or Renters Insurance cover’s your personal property for named Perils.
| NAMED PERILS | |||
|---|---|---|---|
| Fire and Lightning | Riot or civil commotion | Smoke | Volcanic Eruption |
| Electric Current | Water or Steam | Windstorm or Hail | Aircraft |
| Falling Objects | Cracking, Bulging | Vandalism | Explosion |
| Vehicles | Theft | Freezing | Weight of Ice, Snow |
You select the amount of coverage for your personal property. You also have the choice between replacement cost or the actual cash value (ACV) at the time of loss. ACV is less expensive.
Your Renter’s Insurance Policy will also provide the Liability coverage that most communities will require. Liability insurance provides extra protection for legal situations for damages that you may have caused. It also provides medical payments for accidents that occur on the property to people who do not live on the premises. This will also include up to $10,000 for dog/pet bits.