I used a specific investor savvy attorney here in North Carolina that is very well known for his flexibility and comprehension of real estate investing.

Now, if the other parties coverage will pay?

I'd like to purchase a retail condominium interest (multiple tenants, multiple units) situated in a mixed-use development at a price that is supported by a DCR (debt coverage ratio) that lender approves. 

My understanding is not about the belongings but the liability coverage part that is usually included with the renter's insurance.

Housing characterized by 1-3 story buildings, but at a higher building coverage than R3 zones.

Also, insurance companies will insist you have a tenant in the property before they provide their most reasonably-priced coverage.  

Second part is a $1M umbrella coverage just in case.

I'll continue to upload photos of completed buildings and units as they are available and will also break it down by building for a more comprehensive look and to illustrate lessons learned in a more precise fashion.

Apparently they hadn't had an inspection in a while and had bare bones coverage.

The mortgage company will probably require that you carry a policy every year and will tell you how much coverage to purchase.