SEO (but this takes times)3.

You are able to estimate the amount of coverage needed.  2) Replacement Cost - As Bill noted, all insurance agents/brokers have the ability to run a "replacement cost estimate" which takes every part, inside and out, of the house into the equation and spits out a number (the replacement cost coverage needed).

Do you have the ability to raise these rents?

I use it for SEO.

I think his ability to teach principles in story form is probably one of the best in the field of finance.  

I know here at the brokerage I work at we have the ability to always go up to 500k on a policy and sometimes up to a million, all before the umbrella1) You would need to get a named non-owner policy. 

Send the tenant a bill for a new fridge. 

Laws change, HOA regulations that can hinder your ability to run this business.   

The ability to move assets around while one parent or spouse is unconscious and to pay for long term care and to qualify for Medicaid is necessary.

Proximity to other investments and market knowledge, under-market rents, as well as ability to potentially add more units at a competitive price based on the property's zoning.