Total Rookie Question... Homeowner's vs Landlord Insurance?

[Mitch Reaume]

We're doing some financial forecasting as we get ready to purchase our first home ($120k-$150k range) and are trying to project insurances... can someone clarify for me... Do you get a Landlord Insurance Policy IN PLACE OF a Homeowner's Policy, or do you get both?

Any thoughts on what to expect for those types of policies in terms of pricing on a $120k-$150k home?

Thanks in advance!