Renter's Insurance is a cheap date for the tenant; it protects their security deposit and assets. 

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

Doing this will open your eyes to how people waste space in real estate today.  

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

Website shows up as not protected domain - and no longer in existence that should say enough 

@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

But, the profit margins look to be eye-popping, sometimes on the order of 10X or better.

I recommend keeping your eyes open for medium multifamily properties.

Not sure I would invest in places without such protections as I see this on BP in a lot of places (i.e.

Having a mortgage and your normal STR insurance is already 2 levels of protection.