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So then whats the point of a "Signature required" delivery if they are going to leave it at the delivery location regardless of if you are there or not?



For UPS on a signature required delivery, the parcel always has to be signed for. On a normal parcel delivery if you live in a area that is considered to be fairly safe the drivers can DR (driver release the parcel).
UPS as well as Fedex will pay for packages lost or damaged on delivery.
I had 25 years working in that industry, from what I have seen and in my own experience, on a consistent basis nobody handles parcels worse than DHL.

A computer once beat me at chess, but it was no match for me at kick boxing.