You don't want a slip fall incident. 

She stated that she's now 35 years old but had an incident with her very first landlord when she was 18.

What kind of incidents would a CGL policy protect us against that a Builder's/Vacant Home policy wouldn't?

As it turns out the service member was completely overwhelmed by a series of incidents, and had no place to turn.

Go to your local PD and log the incident, your Insurance agent should know what your installation floater should be, and it is a yearly insurance, protects your materials from theft, not sure if its the same with builders risk but im sure its has its similarity.

As an energy auditor, I get these calls all the time,Popular things are:-extra fridger/freezers in the garage (typically a free or old one they dont realize uses a ton of electric),-Hotwater tanks & Heating (is NG an option) If not look at airleakage and insulation-Failed wel lpumps or sump pumps that never stop running,-Non-Energy star Dehumidifiers,-electric space heaters that get left on or forgot about-A ton of Incidence light bulbsAnd the biggest one, Is typically not the KWH at all, but people switching to other non regulated providers such as ambit who have a habit of slowly creeping up to double/triple the market rate.

Additionally the LLC will provide you little or no liability limitation to your other assets, since you have a participation incidence in the LLC operations. 

If you lied and slide by and a future incident arises, your file will be examined and you'll get to explain later.A borrower doesn't determine the type of loan as to commercial or residential as it can be booked by the lender, just because you are a landlord doesn't mean you have a commercial loan.

It may cost me a lot more to sit down with a lawyer than it would be to just fix it.I know it seems like I'm crying over spilt milk, but this incident just seemed like the straw that broke the camel's back.

If there was an incident 3 years ago and the lawsuit is filled after I purchase the company, I am on the hook for it.