Contrast this with someone that has adequate umbrella policy.  

Unfortunately, you may have a hard time enforcing anything about "guests" unless policy/procedures are outlined in your lease.  

Our insurance company (State Farm) doesn't cover flood, so our flood insurance policy is through FEMA's NFIP (national flood insurance program).

He told me that the only time in his 30+ years that the scammer paid off is when the crook unexpectedly died and had a large life insurance policy that was able to pay off all the creditors.

One of the primary issues is the impact of rent control policies.

You would have to check with your policy/lender for more details. 

I've been burned by this once before, but it's just less stress on me with this informal policy.

The company that I work for has a policy where the tenant can break the lease with 30 days notice before vacating the property, but they have to pay for an additional 2 months worth of rent.

@Nakul PatelBest asset protection is an insurance policy, you open a LLC then you are gonna have to pay like $850 a year for it if you are in California even if it’s a LLC in another state plus other fees and costs.

Im hopeful we can get some housing supply policies, everything on the campaign trail was net boosting housing demand, which we have enough of.