If you own a property for the purpose of making money, even if the property is bought in your personal name, it is a business venture and a commercial policy is completely appropriate for this situation.Additionally, when purchasing insurance for your investment property, you’ll want to make sure you have property coverage (for physical damage to the structure) and general liability coverage (in case someone is injured on the property).

That lawsuit is a claim for fraud, and that’s what fraud typically is...a misunderstanding and someone being “injured” and wanting to hold the other responsible for it.

Ask them if they are still involved with scamming people and if they will be returning the money they stole to the injured parties?  

:Unfortunately not being liable does not help a landlord feel better if their tenants dog injures or kills a neighbours pet or child.Getting rid of the tenant eliminates all possible concerns. 

No children were injured.

You may lose lots of money in bad crypto investments, however you can be injured or worse if you make a major RE mistake.

Only a matter of time before she seriously injures herself.

Then employer refused to provide seller (who is an injured party) with any further details.The seller can make this an issue if they choose to.  

I've had a building burn to the ground and a fire resulting in partial damages, luckily no one was injured in either.

In a real world example, a guest got severely injured and the regular $100,000 coverage on the policy was not enough so the umbrella picked up the rest.