What is the primary difference between homeowners insurance and renters insurance?

The primary difference between homeowners insurance and renters insurance lies in who the policy is designed to protect.

Homeowners insurance is for individuals who own their home, covering both the structure of the house and personal belongings inside. It also typically includes liability coverage in case someone is injured on the property.

Renters insurance, on the other hand, is for individuals who are renting a home or apartment. It covers the personal belongings of the renter, as well as liability coverage in case someone is injured inside the rented property. It does not cover the structure of the building itself, as that is the responsibility of the landlord's insurance.

In summary, homeowners insurance is for people who own their home, while renters insurance is for those who are renting a property. Both types of insurance provide coverage for personal belongings and liability, but homeowners insurance also includes coverage for the structure of the property.