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No, renters insurance is coverage specific to property that belongs to the named insured.If it's a rental property then the property owners insurance would cover storm damage to the roof. If it's just worn out then that would be an owners maintenance issue.
If you rent it you can get renters INS
If you don't own the property, you can usually still get "renters insurance" that will cover the contents of the house and possibly liability for damages (other than those you might cause intentionally).
You can obtain renters insurance that would cover damage to the contents. The homeowner should already have hazard insurance, so there is not any point in your trying to purchase that.
If your parents bought their house they do not need renters insurance but they do need house insurance. They should insure the house for two things, one for the contents and any damage to the home, and two if there is a mortgage they should have insurance to cover that in the event that anything should happen to either of them.
There is renters insurance, but it is on the items the renter has brought into the house/apartment. The owner has insurance on the building.
This may very from state to state, but from what I am aware of the cars are bonded, which means the company has proven being able to pay for damage. The company pays for damages out of their pockets.
Yes, landlords should obtain insurance to protect their property. It is always a good idea because it will protect their property and insure that if something happens to it, it will be fixed.
A homeowner can insure the property and owned contents. A renter does not own the home so they can only insure their own contents. Liability coverage can be purchased on either policy type.
Your renters insurance quotes do not depend solely on your region (Los Angeles) but a number of other factors, most importantly: which valuable items that you own do you want to insure with personal property coverage? Here is an informative article I found on how to find affordable renters insurance anywhere in the country: http://www.insuranceagents.com/free-renters-quotes.html
No because you do not have insurable interest in the building. You could not get paid for damages since you are not the owner.
The repair of damage caused to your car when you caused the accident