They might want you to carry your own insurance, etc. 

Can any one give me a recommendation on a local Insurance Broker in San Antonio? 

Advise you guys talk to your attorneys and look at grabbing an umbrella insurance policy sine the property is in your personal names. 

If too many layers insurance might not even insure the building.  

Could be the payoff got lost in the mail, could be that it was never sent.This happened to me and my title insurance covered it 

Money person is listed as on the insurance policy.

$966 + 334.24 + $80 = $1380.24 (PITI) MonthlyMarket Rent $1500 (-)  Monthly Mortgage $1380.24 = $119.76 (potential cash flow) not including vacancy factor, repairs, capex, hoa fees, additional flood insurance. 

I'm not sure how "well off" they are, but I'm guessing they are comfortable, as they are probably just about breaking even, if not losing money on this property after taxes, insurance, etc.They aren't marketing the place and we've never heard any mention of them thinking to sell.  

We will have liability up to 1M on the property.My questions stem from loan/Asset Protection.If we were sued, and for the sake of this discussion we are sued and lose $2m, would we only lose our $1m (insurance proceeds) and 20% capital (assuming we have to sell the property). 

If I'm reading the rules correctly, under 10,000 square feet, RH lots are limited to 1 unit/2,000 with maximum building coverage of 85%.