Review the endorsement with your agent and make sure it will cover the elevator,  Also, if this is in an association, review the bylaws and declarations of the association to see if they are responsible for it.For the Tenants, insist on renters Insurance. 

I appreciate the endorsement, @Brian Garlington!

Here are my 21 tips for starting out:#1 – Learn From Others#2 – Plan to Market#3 – Know Your Type (Performing, Non Performing, Re performing, Investor Notes, Seller Financed, etc)#4 – First Refer A Deal#5 – Discover The Why Behind the Note Sale#6 – Get To ‘Know’ The Payer#7 – Verify Everything#8 – Embrace The Boring (Due Diligence Counts)#9 – Plan for The Worse#10 – Partials Are Your Friend#11 – Master The Time Value of Money#12 – Encourage Early Payoffs#13 – Originals Count (Get that original note and endorsements/allonges)#14 – Stay In Control#15 – Seek Professional Help#16 – Use Solid Servicing Procedures#17 – Understand When Laws Apply#18 – Get Self-Directed#19 – Spread The Risk#20 – Know When To Fold#21 – Be Creative If you PM me here on Bigger Pockets I can send you details on the individual tips. 

I would seek word-of-mouth endorsements and Craig's List, Home Advisor (imo) doesn't cut the mustard.

I’m not trying to endorse either brand; both have standards and math says that 9 combinations x 5 or 6 cuts in a key vastly increases security over a 5x5(6 in some kwikset) matrix.

The insurance underwriters need to be aware that the policy is for a buy/sell agreement, it is best tohave the policy endorsed or acknowledged as funding the agreement as the beneficiary in trust to the company.

Bowman gets my endorsement for property management 

Do talk to your insurance agent/broker about all the different options and endorsements available on the policy and them decide which risks you want to insure against by buying insurance or taking the risk and paying out of pocket should an uninsured event occur

The lender has to endorse it.  

My current policies have an actual cash value endorsement on the roof meaning that in the event of roof damage, I would receive the depreciated value of the roof.