Just balancing risk of potential loss with cost of protecting against that loss.I've had insurance of one type or another for over 40 years and can count all claims on vehicles and houses on my thumbs.Most of our properties aren't all that expensive and a complete loss (unlikely) wouldn't bankrupt us. 

It makes me uncomfortable to say I am doing it successfully, but I'm not bankrupt, yet.

It is our 10-year goal to have a functioning hospitality and beverage focused project in the Glenwood Springs area of the mountains, this project requires significant cash-flow and capital to get started (and not bankrupt us along the way).Our current interests lie with purchasing an initial single-family unit to live in and work out of, with the hopes of getting into short-term rentals in the surrounding ski towns.

I see this forum is more for landlord's, then for a tenant with issues.its very sad to see how many of you are morally bankrupt.

They also go on to say that companies go bankrupt for such policies.

In my experience the vast majority of folks wanting seller financing could be bankrupted by one.

We don't want to find out you are bankrupt due to this deal ruining your life.

This is why people go bankrupt and get burned in the business.

Many where in distress and did not want to go bankrupt and others where bought through the bank (foreclosures) So many gem properties where found in areas not many cared to look or figured the city I was buying was done with.

From what I've read septic tank maintenance/replacement can bankrupt a park depending on the state of the septic systems.