Homeowners Insurance vs Renters Insurance

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

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

• 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