Homeowners insurance has many purposes. It can provide you from being reliable in case of injury or accident on your property or in your home. Here are a few reasons why you need homeowner’s insurance.
Renter’s insurance provides similar benefits to homeowners’ insurance. The tenant’s property is then covered under the insurance against fire, theft and vandalism. In many cases, renter’s insurance is a requirement due to the fact that it not only covers the tenant, but also the landlord. It gives the option to the landlord to sue for damages from the tenant’s insurance if the tenant damages the property.