Glossary

Renters Insurance

Similar to homeowners insurance, renters insurance covers the contents of the home, apartment, or a condo the tenant rents but does not own. Also known as tenants insurance or an HO 4 policy, it covers personal property losses similar to those insured by homeowners insurance, like fire and theft, but does not cover the building itself.

Definition provided by the International Risk Management Institute (IRMI) Glossary of Insurance.

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