The entity that is renting the property to the 'renter or renters' is typically the homeowner policyholder. It could be an organization, corporation or individual who holds the homeowner policy. The owner of the residence pays for their own policy. They are the 'landlord' in common terms.
The renter may be required by the owner, to carry a renter's insurance policy but the two policies are different.
Even if the renter is not required to have a renter's policy, it is a wise move to purchase one, as the premiums are usually relatively low and the coverages are fairly extensive, primarily for losses and damages to personal property and also for liability coverage for accidental injury to others.
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The renter may be required by the owner, to carry a renter's insurance policy but the two policies are different.
Even if the renter is not required to have a renter's policy, it is a wise move to purchase one, as the premiums are usually relatively low and the coverages are fairly extensive, primarily for losses and damages to personal property and also for liability coverage for accidental injury to others.