Those laws will vary state to state but in most states, including here in FL, a tree falling is an act of god so unless you can prove negligence (such as the tree was dead and rotting and you had warned the owner about the dangers of it falling) then it's going to be on you to fix the damage to your property.

This was due to upstairs condo's negligence with a clogged condensate line.

You'll end up with a house full of updates.2) If you're a renter though, keep the matches away from the kids (the police almost charged the guy for negligence) and be extra nice to your wife if you're going through that kind of transition - she may just dump you. :-)

I would assume if that was possible the new owners would sue the former owners for negligence and damages.

Many times properties with value and equity are lost simply due to lazyness/negligence.

Pretty Standard.Property Inspection Fees - When a property is delinquent for a period of time the Servicer will have agents inspect the property for negligence.  

Chris,Insurance is most important to consider as most lawsuits are settled for the insurance amount.LLCs are great but they don't protect you personally from your own negligence. 

He relies on the following language, which he drafted, in an email between us:“if you do confirm and then back out or the deal doesn't happen for some reason not due to my negligence -- I'd like to collect at least $350 for the attorney and $400 for me”He argues that his money is tied up in a delayed transaction, which I understand.

Namely, you can still be sued for your individual negligence and you can conduct your business in a way that would lead to the corporate veil being pierced.In terms of asset protection, an LLC may not be the best option if it is a single member LLC.

'You need to set up entities to protect you from lawsuit liability' is the general advice.In my area, liability insurance cost $22 per year for 300k Somebody needs to explain me, what can happen, which is due to my negligence and cost more than 300k?