Homeowners and Renters Insurance

What is the key difference between homeowners insurance and renters insurance?

• Homeowners insurance covers personal property, while renters insurance does not.

• Renters insurance covers liability, while homeowners insurance does not.

• Homeowners insurance covers the dwelling, while renters insurance does not.

• Renters insurance covers the dwelling, while homeowners insurance does not.

What does dwelling coverage in homeowners insurance cover?

• Personal belongings

• Loss of use coverage

• Roof, walls, floors, etc.

• Liability coverage

What type of coverage in homeowners insurance covers you if someone sues you after getting hurt while on your property?

• Loss of use coverage

• Liability coverage

• Personal property coverage

• Dwelling coverage

What does personal property coverage in homeowners insurance cover?

• Loss of use coverage

• Liability coverage

• Personal belongings

• Roof, walls, floors, etc.

What does loss of use coverage in homeowners insurance cover?

• Structure of the home

• Liability coverage

• Personal belongings

• Costs incurred while your house is being repaired

What is the average cost of homeowners insurance per year?

• $800

• $2,000

• $500

• $1,200

What does renters insurance cover?

• Liability coverage

• Personal belongings

• Dwelling

• Loss of use coverage

How much is the average monthly cost of renters insurance?

• $15

• $150

• $1500

• $15000

In some cases, what is a requirement to rent a place?

• Loss of use coverage

• Homeowners insurance

• Liability coverage

• Renters insurance

What do homeowners insurance and renters insurance both have?

• Coverage for natural disasters

• Coverage for the structure of the home

• No coverage for personal belongings

• Deductibles