Home insurance is for people that own homes but renters insurance is also a type of home insurance. Both insure the place where you live.
With home owners insurance, the lender likely requires you to carry insurance. It is important to make sure that your home is insured to its proper value. The cost to rebuild your home needs to be adequate or you may find yourself in deep trouble. Keep in mind however, that the cost to rebuild is different from market value. And both are different from what the county tax records say your home is worth.
When it comes to renters insurance, yes your personal belongings need to be covered but what about if you burn your place down on accident and the landlord comes after you for damages? What if you’re at a friend’s house and you drop something on the hood of their car and damage it and they want you to fix it? What if you accidentally hit a baseball through your neighbor’s window and you’re on the hook for it? That’s where your renters insurance comes in. Your personal liability extends anywhere in the world and helps cover you in those accidents.
Let’s start the process for getting a quote. It’s not difficult but it is very important to make sure you are properly covered!