The number of people who rent rather than own is on the rise, thanks to a variety of economic and social factors. Unless a lease requires it, most tenants are not legally or contractually compelled to carry insurance, and too many do not even consider it. However, going without insurance is risky. Numerous reports describe tenants who have lost all their possessions and have no place to live because the building they lived in was destroyed and they had no insurance.

This course examines the insurance needs and the insurance coverages available to residential tenants of all kinds-people who live in houses, apartment buildings, dormitory rooms, fraternity or sorority houses, assisted-living facilities, and other structures that they do not own.

Students who successfully complete this course will be able to:

• identify various loss exposures associated with renters
• describe the property and liability coverages of a renters policy (HO 4) and what types of property losses are and are not covered
• identify and describe the causes of loss (perils) covered by a standard renters policy (HO 4)
• explain how various endorsements to the renters policy (HO 4) and/or other techniques can address the insurance needs of those who face a number of different special situations