Like houses themselves, the cost of homeowners or or renters insurance varies. This is not a surprise, however, because homeowners insurance covers many types of liability protection, among them the losses occurring to one's home, the property within, and the accidents that may happen within the home at any given time. Simply out, the cost of homeowners insurance is the cost of not only replacing the house but giving the policyholder rider benefits as well, such as protection from special losses. Generally, the more risk-probable a house is, the higher the premiums. For example, insurance for homes that are situated far from fire stations is naturally more costly compared to a house that sits next to a fire station. This section covers homeowners or renters insurance.