You would have to check with your policy/lender for more details. 

Insurance for our properties is a commercial (expensive) policy, in the name of the entity instead of in our own name.  

If one person stops paying and it's tolerated, It's more likely to spread within the house. 

There was another property where I was waiting to participate in the auction, the counter reached zero and it says live auction will begin soon, again nothing ever happened. 

From policy checking to proposals, outsourcing improves efficiency, allowing you to focus on growing your core business.

The primary reason is that my parents' risk tolerance is much lower than my own (they are retired and are on fixed income).

Our insurance company (State Farm) doesn't cover flood, so our flood insurance policy is through FEMA's NFIP (national flood insurance program).

@Nakul PatelBest asset protection is an insurance policy, you open a LLC then you are gonna have to pay like $850 a year for it if you are in California even if it’s a LLC in another state plus other fees and costs.

I have zero fees on my units when they are vacant.

I've been burned by this once before, but it's just less stress on me with this informal policy.