Homeowner should have an adequate policy and you can use additional damage protection from services like Safely and Waivo.Yes, security deposits are normal for MTRs and highly recommended. 

If There’s another leak do you want them to “not notice it” or “be out of town” while the damage is done?

•Business Cards & Branding: You can list both services, but if you want to avoid overwhelming potential clients, consider having two versions—one focused on PM and one on real estate sales, depending on who you’re targeting.Best Way to Generate Property Management Leads1.Target Landlords Where They Need You Most•Most landlords seek out PM services when they’re in trouble—tenants not paying, evictions, property damage, etc.

But once damage happens and you ask your qualified and capable agent for advice on claim information, they enter that inquiry into the system. 

For those that do remote showings and provide a code to prospective tenant to access an electronic lock, what is your setup with a locking screen door?

Quote from @Jon Martin: Would tornado damage require a wind policy?

He makes it sound like you are getting great 1 on 1 training and can dogreat deals without spending lots of money prospecting for deals.

You have NO leverage, no matter what he builds or does not build, except for the developer saving some money in legal fees and cutting down on mesne profits damages.

(that policy was cancelled by the carrier and I will be getting a separate policy)2 hail damage to Tennessee property  and water damage due to storm (claim is in process) Another Tennessee property now has had a water pipe burst in the kitchen ceiling and flooded the whole house. 

The damage waiver is almost like a little insurance policy for damages that exceed the deposit.