Many people are unaware that they should carry insurance whether they own or rent their home, but the bottom line is that renters should carry renter’s insurance and homeowners should carry homeowner’s insurance. If you’ve had one type or the other before, you may just think they’re the same. That could lead to some nasty surprises! Learn more before you buy. Similarities Between Renter’s and Homeowner’s Insurance Require payment of a premium in exchange for the coverage. Offer protection for you and your personal...