If the tenant causes damage to the property, does builders risk provide adequate coverage?

What if Tow Truck Tommy bangs up one of the other residents' cars while towing it out of the lot or towing it back to the lot, or damages the towed vehicle????

If you owned a property with a broken stairwell where someone trips and falls, got incapacitated for life, why would their damages be restricted to $170K.

(a) If the Company establishes the title, or removes the alleged defect, lien orencumbrance, or cures the lack of a right of access to or from the land, or curesthe claim of unmarketability of title, or otherwise establishes the lien of the insuredmortgage, all as insured, in a reasonably diligent manner by any method, includinglitigation and the completion of any appeals therefrom, it shall have fully performedits obligations with respect to that matter and shall not be liable for any loss ordamage caused thereby.. . .To the extent that you are requesting compensation for the Alleged Damages, please see Condition8(a) of the Policy which provides the Company with the right to establish title as insured in areasonably diligent manner without being responsible for any loss or damage to the insured.

Secure the flooring since any leaks could cause subfloor damage under a toilet. 

If you call it a Holding Deposit, you can keep it as damages if the renter fails to meet certain obligations.I would not agree to hold the property until they pay the money in full. 

You want to get in there and try to recoup as much of your damages as possible as soon as you possibly can. 

The flooding damage cost about $10,000 to repair, and now we've been going back and forth via our property manager to settle the claim with the insurance company.

That's to their advantage, not yours.My guess is damage will be tough to recover. 

Similarly, does foundation problems mean a cracked slab that’s a $80k fix, a leveling problem on a pier and beam foundation that’s a $8k fix, or minor termite damage that can be taken care of for $2k?