What is Renters Insurance?
If you are renting an apartment or home, your landlord’s property insurance policy does not cover your furniture or other personal property, nor does it protect you if you are sued. You will need to purchase a tenant’s policy to insure your personal property.
A renters or tenants policy contains most of the coverages a standard homeowners policy offers. Since a tenant does not own their residence, dwelling coverage is excluded from the policy.
While you are a tenant, you still have many of the same liability exposures as a homeowner. If your dog bites a guest, the liability coverage included in your renters policy would be able to assist you with the expenses that would arise from such an incident.
What is a Landlord's Policy?
The owner of the dwelling you rent is responsible for insuring the structure and obtaining liability coverage to cover the owner’s acts of negligence. Ref: Landlord Policy