Insurance policies on SFH have been costing around 600-650/year. 

We have a no-smoking policy and can enforce it, whether or not the tenant is using marijuana for medical reasons or recreational reasons.

Honest is the best policy so just ask the buyer and the seller and be honest about it.  

Also, Full Color signs work nicely, [removed]Depending on the city, the insurance policy doesn't cover a claims of an on-the-job fall after a certain height.

Also, you can really make your policy snowball by taking your profits from your real estate, and feeding it right back in to the policy.  

The best part is you can write the policy to cover exactly what you want it to and for how much.  

You cannot own a truck full of tools, keep gas in the tank and cover the various insurance policies needed for that.

That's the best policy.

Originally posted by @Gary Harris:I'm the mentor actually....I was just looking for feedback as to what people would feel is fair to them.Offer a NOTHING UP FRONT policy, with payments only due if/when they're successfully getting returns (and even then, it's only an agreed/low percentage of those returns)!

Would he be responsible for a Builders Risk type policy?