Standard homeowners, of course, but how about flood and hurricane coverage?

CNN has been a favorite of mine best world coverage, but they were purchased and is turning into a milder Fox.

The easiest way to keep coverage was to just call their agent with my credit card, which I did as needed.

The Landlord does not insure Tenant’s personal property, nor does Landlord provide general liability coverage for Tenant’s or guests.

I suggest you search on BP for the topic as this subject is well covered.Another note, a tenant can not obtain a homeowner's insurance policy, you or the owner will need to keep the property insured and the tenant can obtain coverage for thier belongings.

Basically one for the property and then a seperate policy for the liability coverage.

Obviously they have not been so disorganized that they couldn't acquire the money you're foaming at the bit over.Put the property in thier name, have them do some estate planning, for a few rentals you don't "need" an LLC but get the properties and themselves well insured, liability coverage in these matters is cheap.Ahhh, the next generation

Agree with John I am also going through the process right now Carl and here's what I've found the want the ration John mention at least 1.2 debt coverage ratio.

Your margin can be reduced requiring you to pay the difference for debt coverage.

At minimum, make sure you get a $1M liability insurance policy on top of the homeowners coverage.