Homeowner’s insurance is a form of property insurance that covers losses and damages to an individual’s house and to assets in the home. Homeowner’s insurance also provides liability coverage against accidents in the home or on the property.
Renters insurance covers your belongings (furniture, clothes, appliances, electronics, etc.) if they’re damaged or stolen. Plus we’ll cover injuries that happen at your place, lawsuits/legal fees if someone sues you and even hotel expenses if you need a place to stay. Your landlord’s insurance likely only covers the property and not your stuff. But renters insurance covers it all from clothes and furniture to electronics and more. You’re reimbursed for what they cost to buy new, not their depreciated value.