(Perils) and sets a max claim payout on damage to the building.Property Form / coverage form- This tells you which "Perils" you are protected against and which are excluded.Liability limits - In case you get sued, you will have a $500k, $1M or $2M limitLoss or rents/Business income - This replaces your rental income if the property is damaged by one of the perils in the coverage formThere are other secondary coverages that you may consider depending on your property, like Flood insurance. 

I'm claiming it!

We'ire hoping she agrees with this...BUT... if we do indeed end up buying all three lots in one deal-- could we then have sister file a Quit Claim deed on Lots 3&5 (the vacant land)?  

- Had serious water intrusion into a building during historic downpours, and displaced tenants that we had to pay some hotel money for :-/+ My first insurance claim

Naming your PM on the policy allows they to communicate directly with the insurance company in the event of a claim.  

If they get "excited" when you get them on the phone let them know "your attorney would be happy to see them in small claims court for any disputes."

I'm 18 just graduated high school and currently working full time at a pharmacy delivering medications.

However, depending on how the deal is structured, its possible the buyer could successfully claim an equitable interest in the property. 

Walk away now, they lost me at Quit Claim Deed and no title insurance. 

(I'm pretty sure he has a substance abuse issue)If he were to quit claim the house to her so she had 100% ownership would that raise any red flags with the title or potentially interfere with my deal when we go to close?