The property currently has Builder's Risk insurance; however, I was told that I need to obtain a Homeowners Insurance policy.

There can be so many variations and reasons...I am a newbie so other posts are experienced and more accurate with their warnings...set your limits and stick to it for your own personal sanity...and safety...!

Our company policy is to always get a list of repairs and cost, including dates of when performed whenever an appraiser goes to an inspection.

Steering investors away from condos due to the fact that the Board could change their rental policy out of the blue is something I have seen pretty regularly on BP.  

I've actually been involved with cases where the punitive damages actually forced the MHC owner/s into bankruptcy and lose their investment altogether because they couldn't pay the punitive award which to my knowledge is not covered by most insurance companies under their personal liability policy. 

We just have two rental properties, and right now we have an umbrella policy.  

Your government policies are highly inflationary, additionally real estate has been on a long climb since 2008 so we are likely near a peek.

I don't want to do individual showings for safety reasons. 

We also ended up replacing all 475 ft of pipe put in 2 check valves that should have been there already but wasn't along with a torque arrester and a new safety line of 475 ft along with new points and dedicated breaker switch all which should have already been there but wasn't the previous owner either got ripped off or cheaped out when it came to putting the well in.

I just switched from PersonalUmbrella.com to Geico....Who do you have your policy with?