Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
Renters insurance purchased by the tenant has liability protection coverage for that tenant. Should the tenant commit a wrongful act for example like their dog bit a friend the tenants insurance most likely will respond. If the tenant has no insurance the next person up the chain to be sued is the homeowner. So in that scenario the renters insurance does offer a level of protection to the homeowner.
Some tenant's policies will allow the building owner to be an additional insured on a policy. This may offer some protection to the landlord, but it would be unwise to rely on this liability coverage.
Building owners should look into a dwelling fire or possibly a businessowner's policy to protect themselves and their assets.
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Building owners should look into a dwelling fire or possibly a businessowner's policy to protect themselves and their assets.