Who pays for Rent Coverage? July 01, 2026 20:29 Updated Renters do. Landlords are the insured and beneficiary of the policy. Related to rent-guaranty Related articles How does an owner or operator register with Leap? How do I file a claim? How quickly do claims get paid out? Do I need to change my processes or leasing procedures? What does Rent Guaranty offer and what are the benefits for owners/operators? What is the maximum lease term covered?