Homeowners or renters insurance
Homeowners insurance policies are relatively inexpensive for the coverage they provide. These policies typically pay to rebuild your house in the event of a total loss, such as from a fire. They also generally give you the funding to repair storm damage and vandalism. However, don’t expect your policy to cover damage from flooding. You’ll need a separate policy for that. If you’re renting, don’t think your landlord’s insurance policy will pay for your stuff. Instead, cover yourself with some cheap renters insurance.
