Nobody likes to buy insurance. Homeowners buy it because the are required by their lenders or they want to protect their investment and property. I understand why renters do not buy renters insurance. Perhaps they do not know it is affordable pr perhaps they do not have the extra funds, however if you rent and have expensive assets you should look into and be aware of the different types of coverage and costs. Even renters need to be aware of issues regarding real estate. A lease is a bundle of real estate rights and a renter needs to know how they are effected incase of a loss.

When it comes to commercial properties the land lord requires tennants have at the very least liability insurance.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=313838