Homeowners insurance and renter’s insurance both provide coverage against the risk of financial ruin of the policyholder against liability costs, property damage, medical payments to others, including the additional living expenses. Most individuals, not to mention first seekers, are having a hard time understanding the difference between home and renters’ insurance coverage, since, they are most likely the same. However, there is also a difference between these two forms of insurance. As a matter of fact, homeowners’ insurance coverage is for an individual who owns their home or apartment; on the other hand, renters’ insurance is usually available for tenants.
Homeowners’ insurance covers the structure and personal property of the policyholder, while renters’ insurance only covers the personal property. Renters’ insurance policy does not cover damages to the building.
The short answer is NO! In fact, you have to purchase renter’s insurance to cover you as a renter. Landlord’s property insurance only provides coverage to repair the damages in the building itself. To protect you and your personal property, you have to purchase your own renter’s insurance.
Incidental damages are a kind of damages that are associated with legal damages or related to actual damages. If the incidental damages that you are referring to are concurrent causes of loss, then the answer is yes. Homeowners’ insurance could pay incidental damage claims, as long as the caused of the damages are due to proximate cause — or a covered peril.
Under the concurrent causation, any loss are applicable for coverage. With this doctrine, it says that if a loss is due by two perils, should one of it is excluded peril and the other is covered — then the loss could be covered.