I lived there my last semester at ISU, sad to see this happen. For you students that rent, I know money can be tight but the $100 a year for renter's insurance gets you about $20,000 in coverage and is well worth it in case this ever happens to you. Granted it sucks to lose personal items that can't be replaced but take into consideration just how much you have invested in clothes, furniture, electronics, and personal items. $100 is not a lot to pay for the thousands of dollars something like this can put you out.
My wife lost everything in an apartment fire in West Des Moines in 2005 and thankfully had renter's insurance that covered it all.