Renter's Insurance for a Househack

[Brandon Hunsaker]

I am househacking and renting out my extra bedrooms.  Originally I was told to require all tenants to obtain renter's insurance, but I have had prospective tenant's object to this idea because they are mostly college students who own few items of material value.  Should I mandate that my tenant's in my househack obtain renter's insurance?  If so, why when they are college students who have few material belongings?