In some states, the parents of the minor are only liable if they are gross negligent, i.e.  

Not sure if anyone has insurance that covers tenant negligence as well as vandalism.

The up front cost is would be negligible if I was already super rich anyway. 

I wouldnt want to pay for their negligence with electricity.

You were not negligent in any way and the insurance company will probably dismiss their claim or settle out of court for a very small amount.

Generally speaking liability insurance will cover you if the tenant is alleging your negligent land-lording caused bodily injury or property damage.  

Hi all,I own a condominium, which I rent out, in a 230 unit community.  I have owned this unit for 15 years, and it has always been a working class complex.  I have it professionally managed, as I live 3 hours away.Th...

Yes, the capital gain would have been an issue if he waited until now to buy.Also when you sell six time the amount you bought, the RE agent commission is somewhat negligible. ( About $12K out of $200K profit- cost of doing business)

My rough calculations are negligible but he doesn't want me to leave money on the table.

I invest in C Class Milwaukee and have had 4 PM's with one not doing their job and 2 being shady / negligent.