Revealed Top Secret Guide to Must-Have Insurance Choices
Homeowners and Renters Insurance: Safeguarding Your Property
Homeowners insurance covers damage to your home and belongings from events like fires, theft, or natural disasters. The average annual premium for homeowners insurance is approximately $1,3123. Renters insurance, on the other hand, protects your personal property within a rented space and is typically much cheaper, averaging around $179 per year3. Both types offer liability coverage, which is crucial if someone is injured on your property.