First off, congratulations on buying your new home! That’s an exciting experience, and we hope you had plenty of time to celebrate it properly!
You can have home and renters insurance at the same time, but adding renters insurance usually doesn’t benefit you unless you own a home and rent an apartment at the same time.
For instance, if you travel a lot for work and rent an apartment or your daughter is in college and you’re paying her bills, you’d want to have both policies.
Homeowners insurance and renters insurance are similar in that both protect your belongings in the event of unforeseen events, like fires or burglaries. They also provide legal liability protection if someone is injured on your premises.
The key difference is that renters insurance doesn’t cover the structure of the building itself. That’s the responsibility of the landlord, not a tenant.
Whether you need homeowners insurance or renters insurance, consider using
Jerry to save time and money on your coverage. Simply download the app and answer a handful of questions, and Jerry will find you dozens of quotes to compare.