Renters insurance provides valuable protection for tenants by covering their personal belongings, liability, and additional living expenses in case of covered events such as fire, theft, or natural disasters. While it's not legally required by federal law, some landlords may require tenants to have renters insurance as part of the lease agreement. Additionally, some states and cities have considered or implemented laws that require landlords to inform tenants about the benefits of renters insurance, but actual requirements for tenants to purchase it vary by location. Mandatory renters insurance has been a topic of debate, with proponents arguing that it can protect both tenants and landlords by ensuring financial coverage in case of damages or liability issues. However, opponents raise concerns about potential financial burden on low-income renters and the need for affordable housing options. Ultimately, the decision to require renters insurance is influenced by local laws, landlord policies, and individual circumstances. It's important for renters to carefully consider the benefits and costs of renters insurance and to understand the specific requirements in their rental agreement and local regulations.