Homeowners Insurance: Homeowners insurance is bought by property owners for their primary residence. It may also cover rentals if the owner temporarily rents out a portion of the property while still residing there.
Landlord Insurance: Landlord insurance is purchased by property owners who rent out their properties to tenants. It primarily covers the building structure and contents used for rental purposes, like appliances and built-ins. It typically includes property protection (for damage or loss to the property) and liability protection (for injuries on the property and legal expenses for claims against the owner). Additional coverage may be needed based on the property's location.
Renters Insurance: Renters insurance is acquired by tenants to safeguard their personal belongings within a rented residence. It provides coverage in case of damage, theft, or destruction of personal property. It also offers liability protection in case the tenant is legally responsible for injuries on the property. Additional coverage often includes guest medical coverage and coverage for additional living expenses. Azibo offers renters insurance for residential tenants with just a few clicks on our platform.
You can find more details here.