Here's another perspective: Insurance is for liability protection.

Meanwhile they aren't even properly prepared because  their focus is solely on forming Wyoming LLC's  but lacked the appropriate types of insurance, operate with unlicensed and uninsured vendors, never sign contracts etc.

Should I ask the seller himself to change it to renters insurance to avoid the due on sale close?

The "personal liability only insurance" is quite expensive at ~1000/year, while the renter's insurance (HO4) have 300k liability for less than 200/year. 

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

I only found two companies, and the rates are outrageous.I welcome any advice on the type of insurance to get and what companies offer reasonable rates in Florida. 

Understand the risks in different areas, such as flood zones, as they can come with higher insurance costs and more risk.

Florida is definitely getting riskier and it is mostly due to the increased insurance costs (from weather and natural disasters as well as fraud). 

Their E&O insurance should cover this.You may need to file something with the local or state Board of Realtors and attorney general.

She needed to sell quickly to afford cancer treatment in Chicago that her insurance wouldn’t cover.