This reminded me of a soccer player tenant (San Jose Earthquakes) from Sierra Leone who got cut from the team and moved out and gave us incorrect addresses of friends to send the check to.  

So, I pay extra for flooding (in case my neighbors cause backups into my apartment), which is an extra rider - along with earthquake insurance because of living in the SF Bay Area, and the loss of use rider - and with all of that extra flood, loss of use and earthquake coverage - my premium is still only around $25/month.

Not to mention vacation areas can get hit with any number of devastating disasters like fires, earthquakes, hurricanes, terrorism, flooding, tornadoes, air travel disruption or even just economic disaster.

As an example, following your guidance - if I have 3-4 highly leveraged properties in the bay-area, minimal cash-flow and if an earthquake (1989-like) were to cause major damage - then I'd be SOL. or is there a way out?

You have to use the whole population not a subset in your calculations.China population 1,396,164,036 Covid 19 cases 80,754 = .00578% deaths in China attributed to Covid 19 cases 3,136 = .00022%https://www.livepopulation.com...I'd be a lot more worried about a 'quake in SeattleWashington’s 30-year earthquake drill for the ‘Big One’: Order studies.

But, a landlord never can, barring an act of God like an earthquake or fire or tsunami.

I self manage a duplex out-of-state which today went through an earthquake.

I had a San Jose Earthquakes (soccer) rep approach me about a rental for a new player from an African country.

@Jay Maranan just an FYI, my primary property is 5 stories, of which almost all the carpet in the units has been removed(90%)...the original flooring is beautiful oak, that was original installed over 90 years ago, however, the units that just have the carpet torn up, sanded and stained the original flooring are much louder that the units, that I lay down subfloor, underlayment foam, and new floors over the original solid wood(I know it is sinful to purists, to not refinish the original wood, but it cost more, takes longer, is louder, and less isolation of bugs, and leaves some of the earthquake retrofit hardware exposed, if I do that) ....BUT, with carpet and/or wood floors it will be noisey...that's why the 5th floor are the "PentHouse" units, since no upstairs neighbors, even though identical layout to the below units, they can demand a bit of premium, especially if your new tenant has lived in apartments before.

Earthquake, isnot offered if you are in a fault zone.e.