One of the hottest markets in insurance right now is renters insurance. While only 31 percent of renters currently have insurance, the industry is expecting big changes to happen shortly.

According to the National Multi Housing Council’s 2012 Apartment Cost Risk Survey, 84 percent of landlords required renters to have insurance in 2012, up from just 25 percent in 2009. That’s a 74 percent increase in the approximate market size.