Home Insurance and Homeowners Insurance – What’s the difference?

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Asked September 12, 2011

1 Answer


Home insurance and homeowners insurance are interchangeable terms that refer to a typical homeowners insurance policy. The policy includes damage and liability coverage for the property, structures on the property, and your possessions on that location. By contrast, a renter's insurance policy includes liability and property coverage but omits repair or replacement coverage for the structures themselves.

In order to have the best coverage in a home insurance policy it is important that you present the insurance company with a complete home inventory that includes all of your personal property. Not only does this include your jewelry or other valuables, it also includes appliances such as the stove or refrigerator and even your lawn mower or other yard equipment. Be sure to include receipts for your property to verify their cost. More and more, people are using video recordings as their home inventory, moving from room to room and capturing everything in the room on digital media that can be easily copied and stored.

Home insurance will not cover all types of disasters. If you live in an area that is prone to earthquakes or hurricanes, for instance, you may need to secure a separate policy or an insurance rider on your existing policy for those events. Home insurance typically covers water damage, but flood insurance falls under a different category and must be purchased in addition to the homeowner's insurance policy. To find out exactly what is included in your homeowners insurance policy, read the policy carefully or contact your insurance agent to clarify any questions you may have or to address exclusions with which you are unfamiliar with.

Answered September 12, 2011 by Anonymous

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