Renters insurance only applies to the tenant of a rental home and their family. It does not insure landlords, who will need their own coverage. The landlord’s insurance will also not insure the tenant, which is why most landlords require tenants to buy a renters policy before they can move in.
Keep in mind, if you have roommates, then we recommend separate policies for each person. With separate plans, you can keep your insurable assets and liabilities separate, too.