call

Renters Insurance vs Home Insurance

If you own your home or have a mortgage on your home, you’d buy home insurance or condo insurance. Often, coverage is a requirement by the lender. If you rent a home, apartment or condo, you’d buy renters insurance. The main difference is that with home insurance the structure of the home, contents inside the home and even sheds and garages are covered, whereas with renters insurance you’re only covered for contents and anything else you may have added on as a rider or floater.

Both renters and homeowners insurance carry a deductible, which means that you have to pay an agreed upon amount before your insurer begins to cover a claim. Both types of policies also require regular payment of premiums in order to stay active.

Get a Free Renters Insurance Quote.

Looking for Renters Insurance?

Compare rates from dozens of companies in less than 3 minutes.