Renter's insurance is a policy that protects the tenant's personal property and provides liability coverage. Typically, the person who pays for renter's insurance is the tenant or renter. The landlord or property owner is not responsible for paying the renter's insurance, as it is meant to cover the tenant's personal belongings and provide liability protection. It is important for tenants to understand the specifics of their policy and ensure they are adequately covered, as the landlord's insurance policy usually does not cover the tenant's personal property. Tenants should also consider the value of their possessions, the cost of temporary housing if necessary, and the potential risks associated with their rental property when determining the appropriate level of coverage for their renter's insurance policy.