Can A Homeowner Buy Renters Insurance? 
If you own your house you need a homeowners policy because Renters insurance does not cover the dwelling . Part of your homeowners policy is personal property coverage which covers your personal belongings any where in the world . Coverage is limited to 10 % of your personal property limit if a claim occurs away from your home . For example , you are traveling on vacation and your luggage is stolen . Your house is insured for $ 500,000 and you have $ 350,000 personal property coverage . You will have coverage up to $ 35,000 for your stolen luggage . 