Insurance vs Renters Insurance
Insurance vs Renters Insurance

Whether you own a house or rent an apartment, insurance is essential. But the type of policy you need depends entirely on your living situation.

Let’s compare homeowners insurance vs renters insurance so you know exactly which one fits your lifestyle.

Homeowners Insurance vs Renters Insurance: Which One Do You Need?

🏠 Homeowners Insurance
Who it’s for: People who own their homes

What it covers:

Structure of your home

Personal belongings

Liability coverage

Additional living expenses if you’re displaced

Average Cost (U.S.): $1,200/year

🛋️ Renters Insurance
Who it’s for: Apartment or home renters

What it covers:

Personal belongings (furniture, electronics, clothes, etc.)

Liability protection

Additional living expenses

Average Cost (U.S.): $15–$25/month

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