When you talking liability limits the difference b/t 300k and 500k is usually around $15/year and negligible up from there. 

Hi , Recently I was staying in a condo and due to condos management negligence there was a flood of hot water in my appartment.

I have rentals in Maryland and had licensed plumbers remove the disposals from my rentals because of recurring issues due to tenant negligence. 

So i have some friends in the Kansas City, Mo area that have been ripped off by the builder of their dream home. The short version is the builder started construction on the house and had gotten to the point where it ...

Sounds really shady to me and extreme if the taxes are either non-existent or negligible. 

Typically, in most states, you have to be negligent to be liable. 

Longer story context: I had a very shady property manager who made TONS of mistakes and negligence.

Therefore we wanted our contract with our third party agent to require them to carry insurance (to protect them) while also indemnifying the PM company in the case that there is some gross negligence on the agents part (such as harassment) because PM company insurance wouldn’t cover it.

My biggest worry is that there is something that I am negligent about as a landlord simply because I am a new landlord. 

In the event the Premises are destroyed or rendered wholly uninhabitable by fire, storm, earthquake, or other casualty not caused by the negligence of Tenant, this Agreement shall terminate from such time except for the purpose of enforcing rights that may have then accrued hereunder.