I'll take what you said into account and apply it to my future ventures in investing! 

Businesses are reopening and more people are venturing outside as governments lift stay-at-home restrictions.

Experienced Landlords and DIY's...

So your buying power with that cash probably acutally decreased over time if things inflated a fair amount. it's probably not a bad idea to own some gold and silver as a saftey net and side venture. 

@Christopher Deforest not that it helps you, but in considering why an insurance company would do this, the only reason I could come up with was that one of their actuarians ran a report that showed higher than acceptable losses on policies for DIY rental properties.The only reason I mention this is because of the likelihood other insurance companies may follow their lead in the near future.

Chances are, if this becomes a regular venture for you, you will need to pay quarterly tax estimates, which are taken into account when you file your annual tax return. 

You can do a land trust or GP or joint venture to keep overhead low.

I also want to know if this can be taken up as DIY project .Appreciate your responses.Thanks

Make sure you follow the Fair Credit Reporting Act requirements for legally denying someone.BE CAREFUL as many professional tenants specifically look for DIY landlords they can prey on and talk into renting to them. 

@Stefan Huber hello and congrats on venturing out!