What's the difference between homeowners insurance and renters insurance?

I'm on the hunt for an apartment to rent. I know there's separate insurance for homeowners and renters, but what's the difference between them?

Answer
Homeowners insurance covers you for a home that is both owned and occupied by the same person. It provides coverage for the structure of the home itself, along with the policyholder’s contents and additional structures that may be on the property.
Renters insurance is for someone who does not own their home, but pays a fee to live in someone else’s property. The main coverage renters insurance provides is for personal property, since this would not be covered under the landlord’s policy if there was damage or a loss to the property.
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Alexah Grinnell
Answered on Mar 12, 2021
Alexah Grinnell has been working in the insurance industry for 5 years with a primary focus of coverage consulting in the sales department. She has been working for Jerry Insurance since July of 2019 and has also has experience working for AAA and State Farm. She currently lives in Rochester, NY with her husband and 3 kids
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