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What is the difference between homeowners insurance and landlord insurance? Also, what is title insurance?



What is the difference between homeowners insurance and landlord insurance? Also, what is title insurance?

The answers above are all correct, but I will elaborate a bit more:

Homeowner's insurance is protection of your belongings in the event there is a natural disaster, fire or theft.

Landlord Insurance is protection of your income property and yourself in the event that someone happens to the property or the tenant and they feel compelled to seek legal action against you. (Similar to General Liability insurance for a business)

Title insurance is usually used during the sale/purchase or refinancing of a property. It essentially is a guarantee to the financing party that the property is free from any liens or disputes regarding ownership of the property.
home owners ins. is for a person who lives in the home and owns it. landlord ins. is for a person who owns a home but does not live in it (they rent out that home). title insurance insures that a title to a property is free in clear
Homeowners: Protects the dwelling and the contents.

Landlord: Protects the dwelling only. The LL doesn't need the extra coverage because he typically doesn't have any contents - they belong to the lessee. They can get renter's insurance.

Title: Guarantees the title is free/clear of liens, other claims when purchasing a home. Tells the lender that they are the only people who can have a lien, and the homeowner that the transfer of sale is free and clear.
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