Simple wear and tear is not normally covered in a policy.

And they have a 100% refund policy.

They might find out if your seller discontinues his insurance policy and you have to start a new one that has your name on it.  

So fingers crossed that this one turns out to be worth our while.I've been discussing landlord insurance with my agent, and he presented us a policy with Foremost.

After being presented with "A" policy, I asked if we could strip the policy down and was presented with "B".

We always had no partial payment and no payment plan policy but we’ve had to bend on that with the last two months events and I’m very glad we did...most people that we’ve set up payment plans with have paid as promised.It would obviously be preferable to get the rent on time like normal, but in seeing that wasn’t going to be possible in all situations  right now, this has been the next best thing.Our normal delinquency rate at the end of the month is usually 3 to 4%.

The Named Insured (owner of the insurance policy) needs to be the entity holding title. 

@Tony Marcelle call the number and they can help you according to their specific policies.

However, even if you receive a title policy that does not have the exception there may be additional problems. 

It aims to encourage small business growth and development by streamlining the process of going public and easing limitations on the number of non-accredited shareholders an eligible offering can have.