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Well, there's more to it than simply saving landlords money.
You see, any time an apartment gets broken into, burns down, has a pipe burst, etc., tenants assume that their landlord's insurance will pay them for their loss.
It doesn't.
By requiring renters to have their own coverage, landlords are making sure that they never have to get into a protracted argument with a distraught tenant about what the landlord's policy does and does not coverage.
Really, all renters should carry insurance coverage, whether or not it is mandatory. You wouldn't drive a car uninsured, would you?