Agent, Rural Mutual Insurance Co., Union Grove, WI
Under like coverages and circumstances it is a good possibility that it will be, but this really depends on the carrier. Each carrier sets their own rates based on their company standards. Contact a local agent to find out about coverage availability and pricing within your specific area or to discuss coverage details.
Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
This question is like comparing an apple to an orange. Your talking about two different types of polices. So to give you a very blanket answer in most cases the homeowners policy would be more simply because you are insuring the dwelling which on a renters policy you are not.
Yes. All things being equal, HO will cost more than an equivalent renter's policy. Why? Because HO covers the value of the dwelling and any external buildings as well as your personal property, and liability risks; whereas the renter's policy only covers your personal property, clothes, furniture, etc.
If you are renting a house or an apartment, condo etc. then you only need renter's insurance, but if you own the property, you need home owner's insurance. That's the rule you need to follow.
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If you are renting a house or an apartment, condo etc. then you only need renter's insurance, but if you own the property, you need home owner's insurance. That's the rule you need to follow.