Landlords require renter's insurance for several reasons. First, it provides liability coverage for the tenant, which can protect the landlord from potential lawsuits if the tenant causes damage to the property or injures someone while on the premises. Second, it ensures that the tenant has coverage for their personal belongings in case of theft, fire, or other covered events, reducing the likelihood that the tenant will seek compensation from the landlord for such losses. Third, it can help maintain a stable and responsible tenant base, as tenants who have renter's insurance are more likely to take care of the property and handle any damages or liabilities appropriately. Additionally, some landlords' insurance policies may require tenants to have their own renter's insurance as a condition of the lease. This requirement helps protect both the landlord's and the tenant's interests in the event of unforeseen circumstances. Overall, renter's insurance provides a layer of protection and peace of mind for both landlords and tenants.