Your policy coverage will be the only thing dictating if you will get $ for a complete replacement or an Actual Cash Value payment.  

As a new agent you will want to make sure they have tools and training to get you familiar with their systems and policies.

Maybe bills, maybe policy to remove, maybe issue with house.

All that being said I have money in these properties that I can not touch due to the fact that my taxes have been done with an accountant that has been less then professional to say the least so the prior returns I need from the last two years have not been completed yet so I have no way of doing a heloc or a refinance to keep moving therfore until my taxes are completed I cannot move forward at all at least to my knowledge so thats why I am reaching out to see if their might be another strategy or something that might allow me to get out of the rut i am in currently.

had it been legit, the Landlord could have been liable for Medical bills and Lost Earnings that a Workers Comp. policy would have covered. 

If something were to happen on my property like college parties, is that normally protected under a good insurance policy?

I stand by my conclusion in my prior post. https://www.sec.gov/Archives/edgar/data/1562401/000156240118000029/amh12311710k.htmhttps://www.sec.gov/Archives/edgar/data/1562401/000156240118000029/amh12311710k.htmhttp://www.wakegov.com/tax/statistics/Pages/residentialsales.aspx

Has your friend run out of money and the flip been abandoned prior to completion? 

What, otherwise, will be the policy in relation to dividends – to what extent is it intended to distribute / retain surplus profits?

But, there are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.