This is typical of a rental dwelling/landlord policy.If you want to cover your business entity for operations off of your rental property locations, you need GL.

The HUGE expansion of the definition of a "Covered Dwelling" is problematic and amounts to a seizing of property and an interfering with the right to contract of Mom & Pops landlords. 

I'm trying to confirm what we might be required to do in order to make this property suitable for a small 380 sq ft accessory dwelling unit (to act as a short term rental). 

For example, a SFH on a property that’s zoned for two dwellings.

Alternatively, as you posted earlier, another person bought a property outright with no debt, so no leverage at all and the property is destroyed with no insurance to protect your losses.Let's assume that the property is a single dwelling on a residential block of land.The loan repayments on your loan are charged at say 5% per annum, or $100,000.00 x .05 = $5,000.00 per annum.The rental income from the property is equal to your interest cost of $5,000.00 per annum.Now the property is destroyed and not insured.

Knowing that you accomplished something to move you closer no matter how small that something is will help to keep you on track.If you dwell on the longer term goal (your first deal) instead of noticing the little progress you make everyday towards that goal it is much easier to become discouraged.

. - Rehabilitation of the 120,000 square-foot Pavilion/Casino gaming facility, and - Construction of a new mixed-use development that contains approximately - 2,995 dwelling units, - 620,000 square feet (sf) of retail space, - 75,000 sf of office/commercial space, - 300-room hotel, - 10,000 sf of community serving uses, and - 25-acre park system with passive and active recreational opportunities.http://www.cityofinglewood.org/depts/economic_n_co...

Our contract clarifies use: "Tenant agrees the premises will be used for dwelling purposes only and not for business.

I still have landlord policies for each home that cover the dwelling, structures, and loss of use, etc.I also have heard of people putting each property in an LLC.

Vacant land can be encumbered with liens, etc just like  land with dwellings on them.