Renters, just like homeowners, are susceptible to losses involving theft or damage to their personal property. If you rent a house or apartment, you should insure your personal possessions and buy personal liability coverage. The tenants' form (HO-4) or renters policy insures your household contents and personal belongings against the perils included in the HO-2 policy and includes coverage for personal liability and additional living expenses.

See Also:
If You Own Your Home
If You Own Your Condo