So IMHO we have very little, with regard to Greece, to worry about.On a grander scale though, we are looking at what can happen to the US if we continue to follow some of the same policies the Greeks did. 

I'm thinking as long as the tenant carries a liability policy I am comfortable with small operation in the house, however one of my partners is not so comfortable. 

There is a fairly significant change in the in MLS policies.  

An owner's title policy will cover you as long as you own the property.

Rehab portion of the loan typically not to exceed 100% of acquisition cost unless otherwise approved.CLOSING COSTS :Up to $1200 of closing costs (i.e. title insurance, recording fees, etc.) can be financed as part of the loan proceeds.GUARANTEE:Personal guarantee required.QUALIFYING DOCUMENTS :Investor Assessment FormLOAN DOCUMENTATION:(For Each Loan)Purchase AgreementSummary of Rehab Work to be CompletedAfter-Repair-Value Appraisal (Obtained by Brookview)Tile Policy (Obtained by Brookview)Brookview Deal Submission FormPictures of Rehab PropertyHome Inspection3 months of Bank Statements2 years of Tax Returns3 Most Recent PaystubsSigned 4506-T 

If you decide not to give them a break, they may hold that against you and may make future relations more tense.Personally, I would stick to what is in the lease unless the tenant goes over and above and went down there and figured out the problem and offered to fix it then I would give them a break definitely because they were looking out for my best interest.Sounds like they are just trying to get a freebie.On the other hand, if you don't have a "Renters Insurance" clause in your lease, it may be a good idea to revisit your lease and add that policy to cover yourself from liability for the renters personal items in the future.Hope this helps.Jeff V

It is best not to post URLs in a post (BiggerPockets policy).John Corey

Hello,Does anyone have a home insurance policy with Keystone National Insurance Company?

My stated policy is that applicants have a minimum monthly income of 3x the rent.  

@Rick C. to be 100% sure one would need to review your policy, but typically in the case of a total loss, where the claim is covered, the policy limit of $75k would be paid.Coverage for Fire and coverage for Hurricane are typically separate coverage's on FL policies.