| The
major risks covered by homeowner's insurance are: 1.
damage or loss to the home itself, as well as other structures
on the land; 2.
damage or loss to the items of personal property in the home
and other structures; and 3.
injury or harm to third parties (typically guests and others who come to your
home). The major
risks covered by renter's insurance are damage or loss to
items of personal property contained in the residence and liability to third parties
who are injured while in the residence. The
particular risks covered depend upon the type of policy purchased, as discussed
below. | 
known
in the UK as motor insurance, is probably the most common form of insurance and
may cover both legal liability claims against the driver and loss of or damage
to the insured's vehicle itself.
