Hello,I have a row house in Petworth, DC that I will be purchasing for $405k, looking at ARV of $675k, and wanted to know how much I should be paying for Builder's Risk Insurance and if these are adequate coverage.The quote I have so far are,Special Form CoverageReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible/$7,500 Theft Peril Deductible$396.00 Monthly CostOrBasic Form CoverageRenovation ProjectReplacement Cost - $550,000$1,000,000 Premises Liability$5,000 All Other Perils Deductible$269.50 Monthly CostThe Basic coverage would cover; Fire; Lightning; Explosion (includes Sonic Boom and Water Hammer); Windstorm and Hail; Smoke; Aircraft and Vehicles; Riot or Civil Commotion; Volcanic Action; Sprinkler Leakage; Sinkhole Collapse; Vandalism/ Malicious Mischief.And Special would cover on top of Basic coverage;Falling Objects; Weight of Snow, Ice or Sleet; Water Damage; Collapse (Additional Coverage); Theft; Risk of Direct Physical Loss (subject to policy exclusions).Please provide your insight into whether this is adequate price/coverage.

We had a good laugh to break the ice and I sold him a $20K life insurance poilicy with his 3 year old as the beneficiary. 

You are on thinner and thinner ice if the borrower sues after closing that the lender (you) improperly gave them a loan that (presumably) they can't afford now...

It wasn't untill I was searching though YouTube and drowning my sorrows with a mini Ben and Jerry's cup of vanilla ice cream that I found .... no not Bigger Pockets but a guy Named Shea Woods and his channel called The Shea Show.

The Koreatown market has really picked up and we are thankful as a Koreatown based company not to mention most of my agents speak Korean and grew up in the community which helps very much when breaking the ice with local owners.  

But motivated an committed to breaking the ICE in this WHOESALE GAME.....- R.

If you're not far from the property I would should goodwill and bring some ice to each of the tenants, to put into their fridge.If it's just one tenant and it's cold, maybe put them up in a hotel for 1 or 2 nights.I would definitely take care of the meat guy, maybe bring a cooler with ice, and do something else for the other tenants.

- home of the 2014 NCAA national Champion Women's Hockey Team

@Patrick Jacques I've heard* of using an S-Corp for holding property and using an LLC for managing it to shield the property equity from liability arising from someone slipping on ice, etc.

Protective of Shaun,I get now it was a joke.Go BC Hockey!