A lawsuit can be filed in the future for a problem that happened when you had no insurance which is why your lender wants that gap covered.

This will, when the entity is created and maintained properly, isolate the lawsuit to the LLC and not allow it to reach your own personal assets. 

A lawsuit costs between $25,000 and $125,000 and runs about a year and a half and puts you under scruitiny for everything you do and have done for the last 3 years. 

If a  lawsuit results in a $2,000,000 judgement with you and the PM each 50% liable, your policy would pay $500,000 toward each insured's portion.  

This has a premises liability lawsuit written all over it.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

A lawsuit can take more than a decade and even if you win, you only recover damages an attorney fees (topped).

You will most likely have to pay HOA penalty fees, fees by the state if they have tenant rights in place and potential lawsuits from the tenants.

When the lawsuit was filed they learned that this fee along was collecting THREE TIMES as much as the WHOLE DEPARTMENTS budget!

She scams 8 % commission  off the top  we have a law suit  call Matthew  King  lawyer  in SA.