Renters insurance is typically paid for by the tenant, not the landlord. It is the responsibility of the renter to purchase and maintain their own renters insurance policy. Renters insurance is designed to protect the tenant's personal belongings and provide liability coverage in case of accidents or damage to the rental property. While the landlord may have insurance for the building itself, this coverage does not extend to the tenant's personal belongings or liability. Therefore, it is important for renters to obtain their own insurance to protect their interests. Renters insurance policies can vary in cost depending on factors such as the location of the rental property, the amount of coverage needed, and the tenant's personal circumstances. It is recommended that tenants shop around and compare quotes from different insurance providers to find the best coverage at an affordable price.