Like Account Closed says, happy wife, happy life!

Kyle,Property Insurance generally is written on an "occurrence basis" meaning that the policy in force at the time of loss is the one that pays. 

two questions...1st is I do a general improvement to a building as I read the tax code the improvement should be amortized over 28.5 years .However we did an improvement to just one unit with excepted life of 10 years.

In my previous life I did site design for a few automated car washes.  

If you are considering it more for regular life benefit then I say go for it, knowing that it is the primary reason and anything you get from the investment part is just a bonus. 

I was lucky to not have to deal with that outcome.All I can say is take a few deep breaths...... life will go on....you will be ok.... don't panic too much until you know the damage.

Life changes sometimes happen and that's when you've got to change into damage-control mode and leave the emotions behind with the sole goal of getting them out asap.

I was wondering how this would all work out there are going to be people out of work for extended amount of time and as we know most renters miss one week of work and they are broke.My other big thing I am wondering @Greg H. is how the lenders are going to handle the owners who get wiped out have no insurance and walk away from the property.. knowing how aggressive Texas lenders can be with deficiency judgments on mortgage defaults..

Also make sure you are crystal clear on what your mortgage, taxes, and insurance are and do not buy yourself negative cash-flow.

Gone are the days when you'll have an insurance Broker that holds and value your accountsattentively.I have to remind my agent that my insurance is due if I miss that letter from the insurer then boom itis canceled.