Differences between homeowner's, landlord, and tenant insurance policies

While homeowner's, landlord, and tenant insurance policies may seem similar, there are some key differences between them.

Homeowner's insurance is designed for those who own their homes and covers damages to the home and its contents.

Landlord insurance is designed for those who own rental properties and covers damages to the rental property and its contents, liability claims, and lost rental income. Tenant insurance is designed for those who rent homes or apartments and covers damages to the tenant's belongings, liability claims, and additional living expenses if the rental property becomes uninhabitable.

Another key difference between these policies is who is responsible for the insurance coverage. Homeowners are responsible for insuring their homes and their contents, while landlords are responsible for insuring the rental property and its contents. Tenants are responsible for insuring their belongings.