If you only insure the property to $150K (to cover just your investment) then in the case of a total loss the insurance company hands your a check for $150K and you have a destroyed house that you have to demo and hopefully donate to the city. 

(never allow cats, they destroy properties). 

Like many people have said NJ taxes can destroy what would be a good deal.

1i pass by this destroyed property few days ago, i went on a property shark and got owners names, but when i looked for their information i cant really find anything.. it says it was some court order, not sure where to look for it, Any ideas appreciated . thank you!

He didn't destroy it but I had to spend about $500 to clean the carpets and the house, cut the grass and misc small stuff. 

There's plenty of things out of the builder's control that can destroy a timeline.

I have another document that has do's and don'ts that I have my renter' sign, that has common habits that destroy or devalue property.

Renters insurance would cover their own belongings if they were destroyed in a fire, and to pay for their new place to stay while repairs were compelted. 

Weather knocked down 100 LF of fence. Is it better to build a new one out of pocket or make an insurance claim?

Having pets does not automatically grant you permission to destroy the property by allowing those pets to pee and poop on the floors.