Renters Vs Homeowners Insurance Venn Diagram
Pictures. With renters, you are not insuring the building. This blog explores the important differences in the coverage from each we are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
By all means, the two aren't required by law on federal, state, or local levels. Rental property insurance vs homeowners insurance. For example, if you accidentally started a fire, then your liability coverage would pay for the cost of repairs to the renters insurance and homeowners insurance focus on two different situations.
Renters insurance covers the renter incase their person belongs are damaged under the terms of the policy.
You most likely need a landlord policy. Navigating the insurance world can be challenging. Homeowners insurance is meant for people owning the property they occupy. Renters (or tenants) insurance provides coverage for home liability and your contents.