Do I need home insurance for buying home with cash

[Syed Firoz]

I am planning to buy a home with cash. So, I will rent this home in future. Do I need to buy home insurance? Should rental insurance purchase by tenant cover the liability?

[Tyler Wenzel]

@Syed Firoz Amanda is correct.  Renters insurance is for the renter, hence the name. 

 The big difference is that renters insurance covers all of the renters possessions in the case of a fire, theft, ect.

On the other hand, landlord insurance covers the structure and property that you own. Not the renters.

Hope this helps Syed!