Insurance for Your House and Your Stuff: Homeowner’s Policies 101
If you rented a house before you bought, you may have had a watered-down version of this policy, often called a renter’s policy. These are meant to cover your things, should the house burn down or a tornado carry it off into the sunset. Renter’s policies are relatively inexpensive, running about $15 a month in most areas, so more landlords are making them mandatory parts of rental agreements. You’ll see a few similarities between your renter’s policies of the past and a homeowner’s policy.
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