Why Compare Home & Renters Insurance?
Whether you own your home or rent, protecting your property and belongings is essential. Home and renters insurance rates vary significantly between carriers. Comparing quotes with OwlQuotes.com takes just minutes and can save you hundreds of dollars a year.
What Does Homeowners Insurance Cover?
- Dwelling coverage. Pays to repair or rebuild your home if damaged by covered events.
- Personal property. Covers your belongings inside the home.
- Liability protection. Covers legal costs if someone is injured on your property.
- Additional living expenses. Pays for temporary housing if your home is uninhabitable.
- Other structures. Covers fences, garages and other structures on your property.
What Does Renters Insurance Cover?
- Personal property. Covers your belongings from theft, fire and other covered events.
- Liability protection. Covers you if someone is injured in your rental.
- Additional living expenses. Pays for temporary housing if your rental becomes uninhabitable.
Tips to Save on Home Insurance
- Bundle home and auto insurance with the same carrier
- Install security systems and smoke detectors
- Raise your deductible to lower your premium
- Maintain a good credit score
- Compare quotes from multiple carriers every year
Home & Renters Insurance FAQs
Is homeowners insurance required?+
It's not legally required but most mortgage lenders require you to carry homeowners insurance as a condition of your loan.
Does renters insurance cover my car?+
No. Renters insurance covers your personal belongings and liability but does not cover your vehicle. You need separate auto insurance for your car.
How much renters insurance do I need?+
Take an inventory of your belongings to estimate their value. Most renters need between $20,000 and $50,000 in personal property coverage.
Does home insurance cover floods?+
Standard homeowners insurance does not cover flood damage. You need a separate flood insurance policy, typically through the National Flood Insurance Program (NFIP).
