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Alliance Insurance Services

5440 Ward Rd. Ste. 215
Arvada,Colorado 80002

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What Is The Difference Between Home Insurance And Renters Insurance?

Whether you rent or own a home, getting some insurance is prudent. Many residents of Arvada, CO get torn between purchasing home insurance and renters insurance. Here’s what you should know. 

What Is Home Insurance vs. Renters Insurance?

The homeowner purchases home insurance to protect their property and the personal belongings in their home. In contrast, renters insurance is bought by a tenant to protect their personal belongings in the house where they are tenants. 

What’s the Primary Difference Between Home Insurance vs. Renters Insurance? 

For you to purchase home insurance, you must own a home. On the other hand, you must be renting or leasing a house to buy renters insurance. Home insurance protects our home structure and the entire property with your personal belongings, while renters insurance only protects your personal belongings and the structures in the home. At Alliance Insurance Services, we recommend that you get either of the two policies depending on your living situation. 

Personal Liability Coverage Home Insurance vs. Renters Insurance? 

Both homeowner’s and renters’ insurance offer the same kind of liability coverage. For instance, if someone slips, falls, and hurts themselves in your house and sues you, home and renters insurance will cover the liability. This includes liability for medical bills, mental and physical stress, and lost wages. Additionally, both policies will cover the legal fees you incur per the legal proceedings. Remember that home and renters insurance will only cover liability relative to the policy limit. Therefore, if your policy limit is $250,000, home and renter insurance will only cover liability up to $250,000. 

What if I’m Living With Roommates? 

Whether you are a homeowner or a renter, if you are living with roommates, they should get their own renters insurance. This is because your homeowner’s or renters’ insurance doesn’t cover any property in your home apart from your own. 

Contact Alliance Insurance Services for more home and renters insurance info in Arvada, CO.

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  • Nationwide

Company Overview

Alliance Insurance Services founded in 1992 has a long standing relationship with both customers and community. Since our start, Alliance Insurance Services has been headquartered at 5440 Ward Rd. in Arvada, Colorado. We also have locations throughout Metro Denver as well as Northern Colorado. Alliance Insurance Services is a proud long time supporter of the Children's Miracle Network, the Better Business Bureau, and the Professional Independent Insurance Agents of Colorado.

Mission Statement

Alliance Insurance Services is dedicated to a lasting relationship with our clients and community through superior service and value. We provide security with quality products and innovative technology. Our team has created an environment that instills trust with those we come in contact with.

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