What Is Covered On Renters Insurance? 
Renters Insurance covers the Personal Property of the Insured Tenant , offers Loss of Use for a covered hazard and provides Personal Liability for the Insured Tenant and resident family . The Renters Insurance Policy is commonly known as a Form HO4 and is available in all States . Renters Insurance is mandatory in a few States where the Government has been faced with an unusually high number of law suits thus inundating the legal system ; in other States , you will find some Landlords require tenants to purchase the insurance to provide a layer of protection for the possible negligent acts of a tenant causing property damage to the building , property of other tenants or inadvertent bodily injury to others . The possession of Renters Insurance is a display of genuine responsibility for one 's personal property and protection for others . Renters Insurance Online is available online in multiple States at the following link : WEBSITELINK In order to produce a lower premium , it is recommended only to purchase the minimum amount of Personal Contents coverage to sufficiently replace the personal property of the insured and to select a high deductible . This combination will generate a comparatively lower premium ; renters insurance is written for an annual term and is fairly inexpensive . 