Renters Insurance vs. Landlord Insurance​

Last published: April 1, 2025

If you're renting out a property or living in one, understanding the difference between renters insurance and landlord insurance is crucial. While both policies offer liability coverage—protecting you if someone gets injured on the property—they serve entirely different purposes. Landlord insurance safeguards the property owner’s investment, covering the building structure and potential loss of rental income. On the other hand, renters insurance protects the tenant’s personal belongings and liability.

Mixing up these two policies can leave you underinsured. A homeowners policy won’t cut it for landlords, just as renters insurance doesn’t cover the property itself. Whether you’re a tenant or a property owner, knowing which policy fits your needs ensures you’re properly protected against unexpected risks. Let’s break down the key differences so you can make the right choice.

What is Renters Insurance?

Renters insurance protects tenants by covering personal property, liability, and additional living expenses. It doesn’t cover the rental property itself—that’s the landlord’s responsibility.