Home Insurance For Rentals

Even though you may be leasing or renting your home, you still need home insurance. Your landlord or property management company will have adequate home insurance on the physical structure or building that you reside in. Your personal effects, inside the home are not covered under the property owner's home insurance policy.

Replacing your possessions in the event of burglary, water damage, or some other unfortunate circumstance can be costly. An HO-4 home insurance policy is specifically designed to insure a rental unit's belongings. Home insurance for rentals generally protects against 16 common disasters but it does not provide flood, fire or earthquake insurance. You can purchase a separate rental home insurance policy for these perils.

If you have a very expensive item in your possession, it may be necessary to purchase a rider or floater with your renters' home insurance policy to properly cover the entire value of the item.

Whether you live in a rental or your own home, home insurance should be in your monthly budget. To get multiple home insurance quotes or renters insurance quotes use InsuranceQuotesUs.com.