Who Pays Home Insurance When Renting? 
The entity that is renting the property to the ` renter or renters ' is typically the homeowner policyholder . It could be an organization , corporation or individual who holds the homeowner policy . The owner of the residence pays for their own policy . They are the ` landlord ' in common terms . The renter may be required by the owner , to carry a renter 's insurance policy but the two policies are different . Even if the renter is not required to have a renter 's policy , it is a wise move to purchase one , as the premiums are usually relatively low and the coverages are fairly extensive , primarily for losses and damages to personal property and also for liability coverage for accidental injury to others . 