Renter’s insurance refers to an insurance policy designed for the resident of an apartment or of a home that is not owned by the renter. The policy is also referred to as a tenant’s homeowners policy, or HO-4. The policy provides the same type insurance as a homeowners policy but does not insure the building since the named insured does not own the building.


Why does a person need renter’s insurance?  How many times have you heard on the news about an apartment building catching on fire and leaving residents without a place to stay or having all their belongings destroyed? With a renter’s insurance policy, you would have funds to temporarily live elsewhere, like in a hotel. You would also have funds available to purchase clothes and other essentials.


The holiday season is upon us and thieves will be working overtime. Your apartment/home may become a target. A renter’s policy provides theft coverage.


The renter’s policy includes liability insurance, and liability insurance is a coverage everyone should have. We live in a litigious society and our actions can inadvertently involve us in a lawsuit. You invite a friend over to a holiday party and he or she takes a fall in your apartment and is badly injured. The friend sues you for damages. Your pet dog bites someone while you are walking the dog. You will more than likely be sued.


Renter’s insurance is not expensive; the minimum policies would be less than $200 annually. This will be a very good investment to make!


Ask your independent agent at C. T. Lowndes & Company to give you a quote.

-Henry Lowndes

Posted 3:00 PM

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