Homeowners insurance: protects your financial interests if your home is damaged or destroyed by a covered peril. A peril is something that causes or may cause injury, loss, or destruction, such as a fire, tornado, or hurricane.
Homeowners insurance typically covers the dwelling including attached structures, certain unattached structures and your personal property. Additional Living Expense (ALE) and coverage for Liability is also normally included. All coverage is subject to the limits specified in the policy.
There are special limits on certain items such as jewelry, guns, furs, money, cameras, art or antiques, etc.
Flood damage is not covered by your Homeowner’s insurance policy. If you need flood coverage you must purchase a flood insurance policy.
Renters Insurance: covers your property within your apartment or rented home and also your personal liability.