Is Homeowners Insurance Cheaper Than Landlord Insurance? 
We will begin to answer this question with the following caution : when one asks about a policy being ` cheaper ' than another -LRB- especially when it is the first question asked -RRB- , the immediate concern arises regarding the lack of importance of the coverage which is the primary reason for purchasing the insurance . To answer the question correctly , Homeowners Insuranceand Landlords Insuranceare not related in any way other than to provide property coverage on a similar dwelling . TheHomeowners Insurance policy is defined and writtenfor the Owner Occupied home of the titled owner of the property ; the Landlords Insurance policy is defined and written for the Tenant Occupedhome of the titled owner of the property . Each policy contract contains an Occupancy Clause stating the occupancy of thedwelling insured . We have witnessed large losses which have been denied by carriers due to the occupancy not matching the policy purpose . Therefore , if you have a tenant occupied home , you will need to purchase a Landlords Policy and if you are seeking to insure your primary home , you should purchase a Homeowners Policy . The LandlordsPolicy statistically poses a greater risk factor to the insurance company ; however generally , the LandlordsPolicy does not provide coverage for personal property -LRB- contents -RRB- and provides a more limited form of Liability Coverage listed as Premises OnlyLiability . Now , regarding cost , the premium is specific to the carrier 's experience with each type of policy.There are insurance carriers that have a much worse historic experience on tenant occupied properties ; thus , the Landlords Policy would be rated as a higher risk than the Homeowners Policy . However , in most cases , for the same Dwelling Coverage amount , we find that the Landlords Policy Premium islower than the Homeowners Policy . Awise word to the public would be to purchase the correct coverage for the application since if a futureclaim is denied based on the incorrect policy form being purchased , the whole purpose of the insurance is void and unnecessary . For more information regaring Homeowners Insurance , please click the following link : WEBSITELINK 