•Payments for merchandise, telegrams, telephone, freight, storage, and similar items.

I fully agree with your stance on the matter if someone wants to have their merchandise stolen or destroyed with no recourse that is certainly their right, However I believe renters insurance in this case is more a matter of protecting the property from damage or liability and the cost should be incurred by the renter..

How do you handle stolen items and this deposit.

The excuse that their information got stolen and then the criminal just so happened to have the correct apartments.com login credentials and then made a payment on your behalf flies like a lead weight. 

A friend of mine had a house near Hilo, he went on vacation, when he came home he found someone had stolen all of the siding off his house. 

I just got a message from a CA investor who is doing 2 flips in the Bates-Hendricks area (I believe that BildWise did the contracting work) but he sent his realtor out there to find out that the back door had been kicked in, appliances stolen, and granite counter tops cracked.

I used insurance many years ago to cover stolen bike and lost wedding ring.

The rep also does clean checks I think every three months to ensure the property is being well maintained.The only thing I would make sure you put in the contract is no bikes on the carpet as most missionaries ride bikes then store them inside so they do not get stolen and when they park them on carpet it can be a mess and a half. 

Leave a ladder, grill or anything of value in your yard and it'll get stolen. 

If there’s a fire and all your tenants stuff gets soaked in a pipe burst, stolen, or burns up, it’s all gone.As mentioned above, there is zero reason for an insurance company to pay you if you make a claim on a property with homeowners insurance and you’ve been renting it out to living there.