Quote from @Max Pergament: Quote from @Matthew Irish-Jones:Licensed and insured to manage third-party properties. 

I've heard there's a good chance the mortgage company won't care as long as the payments continue to be made on time but I still want to protect myself just in case.

I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build.

My question is around property insurance and specifically what are everyones MUST HAVE COVERAGES. 

What kind of insurance do you carry? 

Insurance typically covers only the directly damaged area, not undamaged flooring, even if it's continuous.

They are definitely responsible for starting the fire, whether utilities were on or not.If tenant has insurance, they should file a claim.

Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.

Foremost, Proper are 2 big ones.Don't skimp and get the place insured properly.

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties?