Example persons running SMLLC placing their properties in it, adding the SMLLC as additional policy holder on the current landlord insurance helps in those instances of lawsuits bit more.

If you weren't the policy holder, then you would have to get the person who had that policy in their name at the time (sounds like your brother) to file the claim and get things going.One other item to keep in mind is that you also need to know what the deductible is for water damage under that policy (if there was one in place).  

Surely they took the cheaper way out and simply rebuilt the house.Perhaps they simply give the policy holder the option, especially if the alternative is less money.

I'll be checking these out for a funding source as part of my due diligence for real estate investing.I decided to forgo long-term care insurance because too many of these insurance companies went out of business and the policy holders ended up with nothing to show for it (health care inflation is much higher than regular inflation).

I find it attractive but they are suggesting that the occupant (policy holder) will sign the lease and ALS will provide a Payment Letter of Commitment.

They do cover arson insurance, as long as the policy holder isn't the arsonist. 

FYI, they mostly contract temporary housing for insurance companies’ policy holders when their home is not liveable after an insurance loss.Good luck!

In most cases the price is the same for the policy holder, and it is another line of defense for you.

A policy holder can safely take loans amounting to 8% per year.

It is a better coverage for the policy holder than "Actual Cash Value" (ACV).