A comparative introduction of self-occupied houses and rental houses in family insurance.

Many people will choose to immigrate to the United States, so what is the difference between home ownership and renting? This is a problem that many people care about. Let's take a look at the comparison between home insurance and renting in the United States. Welcome to reading.

1. When the structure of the building itself is damaged,

Rent insurance is similar to home insurance, as long as the structure of the building itself is damaged. The insurance company will settle the claim within the terms stipulated in the insurance policy.

Second, protect personal property.

Rent insurance only covers things that belong to the owner, so rent insurance only covers things in the house, not personal belongings. In order to prevent tenants from getting into trouble because of theft, some homeowners will ask tenants to buy tenant insurance, which can protect personal belongings and some liability insurance in the house.

Third, the owner's liability insurance.

If the tenant has a conflict with the owner and receives a lawsuit, it belongs to the scope of the owner's liability insurance.

Four. Extra living expenses

Rent insurance also includes compensation for rent losses. The owner will rebuild or decorate the house, during which the owner will not receive the rent, and the insurance company will compensate for this part of the rent loss.

Verb (abbreviation for verb) underwriting amount

Owners of self-occupied houses generally choose insurance with a higher self-payment amount, because everything is for their own use and is under their control, and they will not do anything that damages the house.

But if you buy rental insurance, you'd better choose insurance with lower deductible and higher liability insurance. Although the premium will be more expensive, when the house is damaged, the insurance contract with lower deductible and higher liability insurance will obviously protect the owner.

In terms of cost, liability insurance generally has three grades:100000, 300000 and 503000. Raising a grade has little effect on the premium, which is about tens of dollars a year.