The correct amount of insurance?
Hi All,  I'm relatively new to CRE and recently purchased a handful of office condos in AZ.  We assumed the existing leases. I was wondering about best practices for levels of general liability and other insurance. On one of the properties the Tenant is required to carry their own policy as well as pay for the landlord's policy and there is also a policy held by the building's association.  On another unit the Tenant is required to carry liability coverage but there is no provision for the Landlord's policy.  Am I over-insured on the first property or under-insured on the second?
[{"id": "fdev6hh", "text": "I think the 3 policy actually works. I love umbrella policies. Protection from most lawsuits is the most valuable premium I pay all year.", "replies": [], "depth": 1}, {"id": "fdtjwpw", "text": "Get minimum requirements from your lender", "replies": [], "depth": 1}]