Also if there was an accident or fire your insurance company would not cover unpermitted work.

However, they are insinuating that because it was an "accident" they are not responsible.

Stuart...almost by accident, you seem to have started a useful, substantial thread.

That's amazing- It is truly horrific what some of these contractors are out here doing to people. 

The tenant or whoever is trying to sue you (car accident victim, for example if you're at fault in an auto accident) can track you down if an LLC isn't set up correctly.

As a veteran local market pro I can say yes, the "getto" can get rough, especially at this time, but getting shot up 2 times in such a short time, that's not an accident that's specific, and than the mention of vendors not going there because of tenants weapons, it sounds a LOT like you placed a tenant who is doing something that makes the place a target for such, especially by fact of your rent's being so high for the area.

I hope you've got liability insurance because one tiny unforeseen accident can wipe you out financially if you don't.

This could be an "accident, disease etc" over which we have no control, but it should give "peace of mind".

It really is crazy the amount of horrific fires we've had the last few years. 

They're policy does cover a lot of things that would not be covered by a home owners policy, like squatters, bedbugs, damage to the property from a big accident, lost income for any major repairs, and a 1 million liability.