If they damage your property in excess of the security deposit potentially you have someone besides a tenant to extract monetary damages from.

Is pays based on depreciation of the item that was damaged.

The downside was water damage on the floor beneath all the w/d units and we had to repair/replace those areas.  

You can easily split the wood open and replace the damaged boards.

its 12 cents per foot here. plus markup for any extra damage like treating oil stains, patching or filling plus striping is extra as well

We just got a new Samsung washer & dryer for $500 (no damage) & a new 18 cft fridge for $175 (very slight dent in backside) for an apt & included free delivery.

House next door has fire damage , city posted violations on the window.    

There appears to be no damage to the door at all.

Sympathetic juries and judges often award plaintiffs/victims  punitive damages based on the nature and cause of the accident and in many if not most cases award the victims millions of dollars in restitution.

You may also have insurance for Property Damage, Boiler & Machinery, Fire, and or Rent Loss.