I'm super motivated with money burning holes in my pockets right now. 

You are more likely to use “replacement cost” to replace a burned down/blown up property.

@Russell Brazil, @Cassidy Burns, @Joaquin Camarasa: 1. 

Does the guarantee burn off early in primary lease term at some point?

You have studied real estate investing and you have a BURNING Desire to participate  in this excellent opportunity.

@Taylor Burns Can you post your analysis?

I say this from experience, I've been burned when I got started, which is one of the big reasons why I got licensed to help people avoid the same mistakes. 

Burn or reduce all brush piles and grass areas. 

What are the chances they would go off if someone burned a meal?

"Excess of normal wear and tear" is not "negligence"...Think negligence as unintentional damage caused by the tenant..things like: candles left burning, stove left on, cigarette on couch, kids stuffing a toy down a toilet, causing the water to back up, etc...That stated, your comment: "Additionally, the renters liability portion would also be another layer of protection between visitors and guests and the landlord.