Renter insurance is required by landlords for several reasons. Firstly, it provides financial protection for both the tenant and the landlord in case of damages or losses. This includes coverage for personal property, liability, and additional living expenses. By requiring renter insurance, landlords can protect their investment and ensure that any damages to the property are covered. Additionally, renter insurance can help tenants avoid potential legal issues and financial burdens that may arise from accidents or injuries that occur on the property. Overall, renter insurance is a crucial component of responsible renting, benefiting both tenants and landlords.