🏡 Homeowners & Renters Insurance

Explainer

Protects property and belongings from fire, theft, or natural disasters.

• Homeowners Insurance: Covers house + personal property + liability
• Renters Insurance: Covers personal belongings + liability (not the building)

Comparison: Homeowners vs. Renters

• Homeowners: Mandatory if you have a mortgage
• Renters: Optional, but inexpensive and valuable

Guide: What’s Typically Covered

• Dwelling (house structure)
• Personal property (furniture, electronics, clothes)
• Liability (injuries on your property)
• Additional living expenses (hotel if your home is unlivable)

Trends in 2025

• Climate-related risks driving higher premiums in coastal areas
• Growth of parametric insurance (instant payout for specific events like hurricanes)
• Bundled smart home discounts