So if by an off chance i had a tenant that claimed they had a black mold problem that hopitalized the tenant racking up medical bills and rehab costs, then i imagine the insurance company could deny the claim as it is 'enviornmental' leaving the liability up to whomever owns the property....If it was in my personal name then all my personal assets could be locked up in litigation.

We are purchasing a NNN leased Medical Building out of state.

The largest town, Phillipsburg, was a proud manufacturing community decades ago that sent high school graduates to medical and law school.

A recent applicant had a combined credit score in the mid 500’s due to medical collections.

It turned out that the owner was in a nursing home and the trust was created in an attempt to shield the assets from being confiscated to pay medical bills.

A medical school is in motion and will be openning around 2012

I suggest that Houston can be a bit difficult as it only has two major industries supporting it- Medical and Oil & Gas.

I only have closed one personal investment property but I had to sell it because I was still slowly medically recovering.  

I am 27 years old and currently work in sales for a medical supply and pharmaceutical wholesaler.  

PROPERTY POLICY ($1,000 deductible)-Buliding: 150k-Rental income including extra expenses: 24k-Liability each occurrence: $1million-Liability General Aggregate: $2million-Personal and Advertising injury: $1million --(I don't know what this is)-Damages to premises rented: 100k-Medical expenses: 5kI was also quoted a $1million umbrella policy.I was referred to this broker by a trusted source and I plan to shop around, but I need some advice on whether or not this is the amount of coverage to shop around.