Probably the most important policy change made by the Office of the Superintendent of Financial Institutions was the removal of the stress test for those who are renewing their mortgages.

The rate market may now create a better safety-net scenario than before as well...

Yes I believe so,As the US cycle of austerity begins to show up in the economy, we’ll see (as we do now) policies that’ll not only increase taxes but apply “taxation by other means”.

However, I still learned a lot since short term rentals have unique insurance needs that aren't always met with traditional policies.

I agree that Proper is over priced.I got a much better policy with Foremost.

Personally there are some really strong suburb areas that I would much rather invest into than Phila - lots of it is due to better landlord policy, higher demand for rentals, less competition for rentals, less headache than dealing with Phila, higher quality tenants and less risky.

Some I repeatedly go back to even with slightly higher rates and fees than others who are staffed by incompetent people who can't articulate the reason for their policies.

Would it be a good idea or having a personal umbrella policy should be good enough?

The furniture in the unit is ours, so we are responsible for that.We do get a separate lessee insurance policy on the furniture and such that we've placed in the condo, and we require our sub-lessees to get a policy as well.

I understand your concern-policies like the Tenant Opportunity to Purchase Act (TOPA) don’t directly tackle the immediate issue of tenant quality.