I would interpret that differently in that you have 1 Million liability on each of your properties so if you have an incident at property A or B you are covered up to 1 million not 2 Million.

Both of these incidents lead to me having to payout my Airbnb guests.

Short term rentals have higher incidence of litigation compared to long term rental, so this is something to be careful of.

-The risk of a lawsuit or liability incident goes up with so many people coming through the door every month.

The limit of my loss was a cup that fell out of my refrigerator the first time its door was opened after the quake.In both these incidents, majority of the deaths occurred in areas many miles away from the epicenter.

The incident caused damages on walls in my unit and a unit below.The tenant has a renter's insurance so it covered the damage unit below mine, but it did not cover for my unit.In order to fix the walls it required a partial demolition, drying process, and restoration.

*Maintenance: Is it customary to put a deductible in - say $100 per incident?  

Either way, be aware that STR have higher incidence of liability claims so you both need protection.5.

Today I had the worst incident ever.

I plan to require my tenants to have renters insurance with liability coverage in the event of an incident.