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Is Homeowners Insurance The Same As Renters Insurance?

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2 responses to “Is Homeowners Insurance The Same As Renters Insurance?”

  1. Tom Sheehan Avatar
    Tom Sheehan

    They are similar but not the same. Both provide coverage for you under a liability protection portion and your personal property under that physical damage portion. A Homeowners’ policy however, will also provide coverage for your house should it be damaged by a covered peril. Your landlord’s dwelling policy provides similar benefits.

  2. David Pipes Avatar
    David Pipes

    The basic ideas for a homeowner’s policy and a renter’s policy are the same. The policies are developed alongside one another in the insurance company. The renter is not responsible for the structure or residence. A renter’s policy doesn’t have coverage for the residence. Most of the remaining provisions are the same as with the homeowner’s policy.

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