ePremium Renters offers enhanced renters insurance, or HO4 coverage, which has been designed to maximize protection for each unit from resident-caused damage while also making available robust contents coverage for each resident’s personal belongings.
What Coverages Are Included?
Coverage for Common Damages
Liability coverage for resident-caused accidental property damage including fire (including kitchen fire, hot pan burns, and cigarette burns), water (including damage to the unit of origin), smoke, and explosion.
Additional Coverages For Both Parties
Resident-caused water damage, including resident’s unit. Pet damage of up to $500 per occurrence. Bed bug remediation expenses up to $1000 in coverage. Biohazard clean-up of $2,000. Additional Living Expenses up to $2,000.
Coverage anywhere in the world for damage or losses due to fire, lightning, windstorm, hail, explosion, riot, civil commotion, aircraft, vehicles, smoke, vandalism, malicious mischief, theft, falling objects, overflow of water, and more.
Benefits of HO4 Coverage
ePremium utilizes a more comprehensive insurance policy that addresses more frequently occurring unit damage and plugs some of the common exclusions found through other third-party insurance agencies. Continue reading to discover additional benefits of ePremium Renters Insurance:
Maximum protection for each unit from resident-caused damage
Additional coverages are available to benefit both owners and renters
Comprehensive content coverage for residents that includes replacement costs for their personal belongings and loss of use should a resident be displaced from their apartment home
Curious to discover how our insurance programs can benefit your apartment communities or single-family rentals? Allow us to arrange a conversation with one of our sales associates who can kickstart your journey!