It’s a small price to pay for leave of mind.Good point we always insure our properties with the u/ground utility coverage & that's running $25/YEAR. 

Their time at prior rentals can be very telling; it might be worth looking into a landlord solution that covers all steps of the screening process (something that allows you to easily screen tenants with a fully comprehensive application that includes nationwide criminal background check, credit score, credit history breakdown, eviction history, reference checks from prior landlords, and more). 

Some Insurance companies can write the umbrella if they do not write the Auto coverage and others will not.

It’s comprehensive and cheaper than the big 3 from the quotes and coverage I have submitted.

Thanks, Chris for the comprehensive answer.

There are still some great options out there which may be able to help you cast a super-wide net (get a new listing for the property up and posted to 10+ major rental listing sites, managing listing responses + scheduling viewing times, tenant screening w/ a fully comprehensive application, digital lease creation, online rent collection, and maintenance request tracking in one spot).

If you don't have rental income on your tax returns the banks may only count a portion of the new rental income toward the debt coverage ration (Net income $ / Mortgage $).

There are still some great options out there which may be able to help you cast a super-wide net (get a new listing for the property up and posted to 10+ major rental listing sites, managing listing responses + scheduling viewing times, tenant screening w/ a fully comprehensive application, digital lease creation, online rent collection, and maintenance request tracking in one spot).

If you are talking large multi family then other factors, like debt service coverage ratio, come into play.

Sorry to hear about the fire, but it's great that you have insurance coverage for everything.What does your lease say about destruction of premises, and was their lease current?