Renters Insurance (HO-4)
Renters insurance (HO-4) covers a tenant's belongings and personal liability for a very low premium, because the building itself is the landlord's responsibility.
- Brand
- Policy type
- Category
- Home & Property Insurance Types
- Released
- Price
- Not published
- VersusAnything Score
- 100/100
Key features
- Very low cost
- Covers belongings and liability
- Often required by landlords
Best for every tenant; it costs about as much per month as a takeaway coffee.
renters insurance specifications
| Who it is for | Tenants in apartments or houses |
|---|---|
| Covers the building | No (landlord's policy) |
| Covers your belongings | Yes, named perils |
| Personal liability included | Yes |
| Typical annual cost (US, approx.) | Roughly $150-$250 per year |
| Cost tier (1 = cheapest) | 1 |
| Who requires it | Many landlords and leases |
| Loss of use / temporary housing | Yes |
| Common exclusions | Flood, earthquake, roommates' belongings unless named, bed bugs |
Score breakdown
- Overall (100%)
Scored against every property insurance policy in our database using the home & property insurance types weighting.
Pros and cons
Pros
- Very low cost
- Covers belongings and liability
- Often required by landlords
- Strong overall score (100/100 within home & property insurance types)
Cons
- No weak scoring group in its category
Compare renters insurance against
Alternatives to renters insurance
- Homeowners Insurance (HO-3) 17/100
- Condo Insurance (HO-6) 67/100
- Landlord Insurance (DP-3) 17/100
Sources
- renters insurance: Policy type official (manufacturer)
Specifications last verified: 2026-10-01. Prices are launch or official list prices in US dollars unless stated. See our sources and data policy.