Insurance for Homeowners Homeowners insurance is a kind of property insurance that covers your home and the things in it.
In most cases, it includes the following:Your personal belongings, detached structures on your property, such as a shed or garage, the structure of your home, and living expenses in the event of a covered incident.
If you have a mortgage on your home, your lender may require you to carry homeowners insurance to safeguard their investment.
If you don’t buy it, your lender might buy it for you and charge you even though they said they would.
Renters insurance is intended for people who rent rather than own a home. The building’s structure is not covered by renters insurance; only your personal belongings are.
In addition, renters insurance typically covers additional living expenses and liability in the event of a covered incident.
