I only heard of a few cases like that where you are required basically to have liability insurance. The property belongs to the Landlord, he should make the place as safe as possible and maintain it in proper order and carry full coverage other than your possessions which you would carry.
I think that is unnecessary, but listen to others here, many are renting.
Yeah it's a residential property. I'd walk away but this has all been such a hassle. Contracts out here are ridiculous and some we were willing to give first month and deposit over 15 days prior to moving in and realtors are just dragging their feet. I called seguros múltiples and they quoted me $146 a year which dosent seem bad, no other details though.