Renters or homeowners insurance policy in united states
In the US, liability and personal property protection are covered by both homeowners' and renters' insurance policies; however, their specific protections and coverage ranges vary:
Renters insurance: Personal Property Coverage: Guards against covered calamities like theft, fire, vandalism, and specific natural disasters for items like electronics, furniture, clothes, and more.
Liability coverage pays for medical expenses in the event that someone is hurt on your rented property or if you inadvertently cause damage to someone else's property.
Extra Living Expenses: Assists in paying for short-term housing in the event that a covered event renders your rental property uninhabitable.
Affordability: Since homeowners insurance does not cover the structure itself, it is typically less expensive.
Homeowners insurance: Dwelling Coverage: Guards your home's structure against certain covered events, such as hail, windstorms, and fire.
Coverage for Other Structures: This type of insurance protects any structures on your land that aren't connected to your home, like a shed or detached garage.
Personal property coverage is comparable to renters insurance, except it usually covers possessions within the house and occasionally even goes outside.
Liability coverage shields you from claims made against you or your family members for personal injury or property damage.
Extra Living Expenses: In the event that a covered event renders your home uninhabitable, it can assist with living expenses, much like renters insurance does.
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