yes I have done this with a insurance policy ( Northwestern ) I don't have to pay it back 

@Elliott Back 100% his autoInsurance is the policy that would cover this type of claim.If his auto insurance company determines you were negligent with the care of the tree, you would then file it under your landlord policy.

I just have a liability concern and want to require the tenants to have their own policy.

I’d love to know more about why you’re aiming for turnkey - are you planning to househack?

We purchased a second property and shopped around until we found a different company with better rates and a better policy.

@Ivor Grisel for the future i would suggest you aim to keep your rental properties within the 60-70% range when it comes to the asset and mortgage debt (shuld vs asset).

While it is relatively new, we are working on a website called development-club.com which has articles aimed at tackling some of these issues.

This new policy would have been better received if I didn't have a bit over a week to figure it all out.

Maybe some liability risk avoidance but you can mitigate that with an umbrella policy (which you should have anyway).On the flip side, if this is in your personal name you can avoid capital gains taxes, get more favorable mortgage terms, and avoid the added transaction costs associated with the transfer.

I am aiming to buy my first house this summer using a VA loan (I am a USMC Veteran) and live in the house for a little bit while renting out a room or two to friends.