Homeowners and renters insurance both provide essential protection against unexpected events, but there are some differences between the two types of policies. Knowing these differences can save you time, money, and hassle if you ever need coverage. What Is Homeowners Insurance? Homeowners insurance is for those who own a property. It typically covers five general areas: Structure and Dwelling Dwelling protection covers the structural elements of the home (i.e., walls, roof, foundation, etc.). Dwelling coverage may also include attached structures, such as a deck or shed. Many policies, however, don't cover damages incurred from natural disasters such as floods and [...]