Initially I had planned to put it into the stock market but given the policies that the new administration is pursuing, I’m not strong on the stock market at the moment.

The PM should be an expert on state law, and they should have policies and procedures in place to handle these situations.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Lots of people in higher risk zones are seeing 100%+ or even canceled policies with no option to renew. 

I use strict / flexible cancellation policy.

Then the tenant should be required to add you as "Additional Insured" which protects you under their policy.

-Have an extra umbrella policy-Speak with my real estate attorney to make sure I did enough to limit my liability. 

Thankfully I have no property in NY.I loved this quote which shows just how clueless people are about housing issues:“Housing instability is at the root of so many problems facing our city, such as exacerbating homelessness and hunger, failing to meet our children’s educational needs, and undermining public safety,” said the CWTU in a statement.

Your primary strategy should be to have the Contractor and all Subcontractors add you to their insurance policy as Additional Insured. 

How would an umbrella policy protect against a security deposit related claim?