What is the difference between renters insurance vs. homeowners insurance?

No, renters insurance and homeowners insurance are two different things. If you own your home, you need homeowners insurance with a personal property rider that covers such things as jewelry, computers, tv and electronic equipment. Homeowners insurance covers the house and its contents. Renters insurance is for people who rent a house or apartment and want to cover the contents only. They can't insure the building, only their furniture, etc.  more