I personally moved out of an apartment for that reason alone. I was told that I had to get "renters" insurance and list them as the beneficiary. I refused and they gave a 30 day notice and I gladly moved. Seems illegal if you ask me. The owners of the building have insurance on that property covering the dwelling itself, and the properties contents inside ie...appliances, etc... but NOT your (the renter's) personal affects. My renters insurance only cover my personal affects if damaged by fire or water etc...and or in some cases theft. Seems like one can end up in a legal twist if something was to happen and they list the management company or property owners as sole recipient of insurance. Many states don't offer as separate liability policy for renters...just depends on what state you reside in.