If you never accept partial payments you do not have a issue with the amount of punishment you choose to inflict..

The purpose it serves is to inflict pain on the owner.

especially since it'd be self inflicted! 

I all but never allow breed's that have capacity to inflict serious injury UNLESS the handler is of such level that it removes any doubt or fear of such ever having a potential.

People are out there who seek out new hosts in order to rent properties with the purpose of holding large parties/gatherings that can inflict significant damage on a property8.

This is because in those areas, you're going to see a lot of turnover, a lot of tenant-inflicted damage to your house, vandalism, theft and other issues that make property management and rent collection difficult.  

Most likely the tenant inflicted damage after going delinquent. 

I'm not sure how general liability would protect you either, my understanding is that this is mainly for bodily injury, property damage or other damages inflicted by you or your company, etc. and not anything along the lines of transactional issues that E&O would normally cover.

Jerome Powell will inflict pain on everyone, but millennials will be hurt the least as they are entering their prime earnings years, finally getting out of debt, and will be able to buy assets in a period of higher interest rates and lower real asset values - an economy that is more "sane" than the one we just experienced for the last 5-7 years. 

A landlord, in a situation such as this, charges as much as they feel inflicts the appropriate amount of financial pain to make that landlord feel better.