Can you have homeowners insurance and renters insurance?

I never had renters insurance when I still lived in an apartment. Now that I bought a home and moved in last month, is there any value in getting renters insurance too? Can you have homeowners insurance and renters insurance at the same time?

Matt Terzi · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
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
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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