What is a key difference between tenant's policies and homeowners policies?

The distinction between tenant's policies and homeowners policies primarily revolves around the coverage of the dwelling itself. Tenant's policies are designed specifically for individuals who rent or lease a property. These policies focus on protecting the tenant's personal belongings and provide liability coverage, but they do not cover the physical structure of the dwelling, as that responsibility typically falls on the landlord or property owner.

On the other hand, homeowners policies are structured for those who own the property and therefore include coverage for both personal belongings and the dwelling itself against various risks. The absence of dwelling coverage in tenant's policies, which is addressed in homeowners policies, is a critical aspect that defines their differences.

In summary, tenant's policies do not provide coverage for the physical dwelling, making this a clear differentiator from homeowners policies, which do include such coverage as part of their overall protection framework.