Right, but it would be less than a year until I refinanced out of the bridge loan so the interest rate would be negligible at that point.

Aside from the landlord being negligent about maintenance and repairs, the unit was not compliant with city codes. 

Management was negligent in that there solution for everything except the most dire problems was your rent is so cheap deal with it and nothing ever got done.

In order for them to do that, you have to have some pretty serious negligence.

If you have been negligent in your risk management, your insurance company could deem your negligence "gross negligence", which means 1) They will not defend you, and 2) You may be on the hook for not only actual damages, but exemplary damages of up to 4X actual damages, depending on the state.Here are some claims we've heard of over the years in the Smokies:1.

With that said, the cost is often negligible as well in the long run I suppose if you are talking about a $500 class or $1,000 conference. 

You need business insurance to cover your own negligence and liability.

In this case, the PM is only responsible for wilful misconduct which is commonly referred to as gross negligence.

I wanted to share a situation regarding a persistent water intrusion problem affecting only two units within our newly constructed condo building consisting of 12 units. Since early 2022, we've been dealing with this ...

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.