BOSTON -- When there's a fire such as Wednesday's in Everett, there is always great hope for quick recovery -- that residents will be able to rebuild and replace the loss.

NewsCenter 5's Susan Wornick reported that's not always easy for people who rent their homes, especially if they don't have specific insurance.

Insurance adjusters are often on the scene of fires, quickly helping homeowners know their next move, but not so for renters. Their personal property is not covered under the homeowner's plan.

Renters must have specific renters' policies, individually written to cover belongings inside their apartment. Without it, there is no coverage or hope for re-imbursement.

Even if you don't have renters insurance, all hope is not lost. For example, if the government calls an official state of emergency, the Patrick administration can ask the federal government for help, and renters could get financial aid in the form of low-interest loans.

That's what happened last December when Danvers was devastated by the chemical plant explosion. A federal disaster area was declared, and all residents became eligible for 3 percent loans. Renters were allowed to borrow up to $40,000 to replace their personal effects.

Click here for more information about renters insurance.