We had a gradual leak from a waterline under our floorboards in our primary residence.   Long story short, we will be displaced for 2-3 months during remediation and I have a usable rental that my tenants won’t need d...

Also, you should consider requiring them to have Renters Insurance so they have some liability coverage (I would require $500,000 as it usually only costs a small amount more than $300,000 limits)

When you reflect on this issue, investors can invest with a large number of Real Estate Investment Firms that set up “shell company” Special Purpose Entity [SPE] LLCs, that tell the investor their money is at full risk and they can lose all, and if they invest in that set up and the project fails the investor has absolutely no recourse, no coverage from any other company of the sponsor and has lost all.Doesn’t it make a lot more sense to go with a Realty Sponsor who puts the full faith and credit of their firm and its 13 year history behind the separate project with a corporate guarantee showing they believe in the project, showing that they back the project, and stand ready to guarantee the project with their monies in the event of a bad result?

Should the landlord be named as an additional insured on the renters policy so they will be notified by the insurance company in the event the tenant fails to renew their coverage? 

I’m still shopping for a policy.Ameriprise was happy to quote me for umbrella but I really questioned theit coverage. 

This package provides General Liability coverage for my LLC's contracting operations as well as that of its subcontractors.

Check in Texas how many MLS are there and what is there coverage.

A property you purchase specifically as a investment to be used exclusively and totally as a rental property is business use and must have rental property insurance coverage (landlord).One is a Home the other is a Income Investment Property.

I wonder - would general liability insurance provide coverage for an incident like this?

Assuming the numbers reported to you are valid (always a big assumption until proven), you'll struggle and likely fail to get this project financed as the debt service coverage ratio (DSCR) doesn't work except in the last scenario presented above.