When renting a home, the responsibility for paying home insurance typically falls on the landlord or property owner. Landlords usually purchase a landlord insurance policy, which covers the physical structure of the rental property, liability protection, and potential loss of rental income. This insurance does not typically cover the personal belongings of the tenant, so tenants are encouraged to purchase their own renters insurance policy to protect their personal property and provide liability coverage. Renters insurance is generally the responsibility of the tenant and can provide valuable protection in the event of theft, fire, or other covered perils. It's important for both landlords and tenants to understand their respective insurance responsibilities to ensure adequate protection for the property and personal belongings.