Everyone should have insurance
Intentional damage is rare. Accidental damage is far more common and can be incredibly expensive for tenants and owners.
We recommend both landlord and tenant have insurance. Kitchen fires are an example where costs get up into the many thousands and, unfortunately, are more common than people realise. They are often caused by food and oil catching alight and burning the cupboards before someone can put them out.
Just because the owner has insurance doesn’t mean the tenant doesn’t need to be. An owner may claim on their insurance for a fire, but the insurance company will come after the tenant for reimbursement.