The rest is owned by individuals, institutions or funds.The good thing, if you add all of the numbers above, they in total are the "Small" number you need to worry about.Yes if any of them were triggered they would cause financial catastrophe, but not decimation. 

Hello all,
How do you write that into your contract.
Let's say you wake up and now instead of paying $10 for lunch it costs you $100 or $1000. Want to make sure that the contract will be adjusted to appropriately. W...

The lesson here is, ensure the board maintains enough insurance to replace the entire structure in the event that something catastrophic happens.

Catastrophic issues (kitchen ceiling caved in on one) combined with no repairs in sight created an impossible situation for renters.

This is also why some areas (in other cities, not sure about in KC) require landlord to keep utilities in their name... it's annoying that you have to pay utilities and then bill back to tenant, but it also avoids these kinds of catastrophes.

The catastrophic damage is outside of New Orleans in areas like Golden Meadow and Grand Isle, all of which I doubt any conference attendees will be visiting. 

Catastrophic damage to a home is one of those for most people.

If the law suddenly required companies to cover homes with older roofs, you’d be risking the company’s solvency and that wouldn’t do anyone any good, because after a catastrophe, they’d be going bankrupt and no one would get paid.”Consumers with asphalt shingle roofs, among the most common roof types, will be facing expensive replacement requirements if they just bought a home, want to switch insurers or were recently dropped by their previous insurer.Companies are increasingly unwilling to write new policies with asphalt shingle roofs over 10 or 12 years old, according to a comparison compiled in January by one of the insurers, which asked not to be named as the source of the data.

Barring a major catastrophe in the first few years, seems like it could work.That leaves us with income, which I think is the problem.Currently, we have only my wife's income of $120k.

That the next catastrophe is coming.