To address potential future problems, wouldn't a homeowner's policy and/or home protection plan cover any occurrences?

Asset protection.

My very limited understanding is that the mortgage being in your individual name and you operating the property through a single-member LLC makes piercing the corporate veil fairly easy and that insurance coverage is typically a better protection plan.

An LLC will do nothing for you such as providing asset protection and shielding you from lawsuits.

@Avi Lah the PMC's alleged liability is immaterial as it does NOT protect the owner.An owner must sue their PMC and prove their liability.

With several hiking trails/boats/kayaks/bicycles/etc, and just nature in general, what do most people do protect themselves from potential issues?

HVAC, I genuinely feel that the guest experience would have suffered if I didn't provide central AC.There really isn't a business case here other than "make the property as good as it can be" which I can see is not optimal from a capital perspective.

Quick summary: A Phase I ESA gives you the "Innocent Landowner Defense" protection under federal Superfund regulations.

I've read about the importance of landlord insurance in protecting against potential risks, but I'm unsure about the specifics of what I need and which providers are best.I would appreciate any advice or recommendations on the following:1.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.