(Shorter time if you don’t make a claim that falls in the middle.) insurance is supposed to be for catastrophic losses.

6 months payments and X amount for catastrophic repair situation?

I also have a $175,000 line of credit at the ready if something catastrophic happened.

We had 50k+ homes on the market when I was doing REOs.Baring something catastrophic, rates won't be back down for a LONG time.

Your bank will still want a personal guaranty, so you don't get off the hook for the loan by using a company, but it could save you potential catastrophic results if a tenant sues.  

CA has insane apr.I suggest going for a conventional loan or hard/soft money lending.It'll be catastrophic if you don't meet your "deadline"

A "protected tenant" is defined as a person who has resided in the premises for at least five years and either (i) is 60 years or older; (ii) is disabled under the meaning of the California Fair Employment and Housing Act; or (iii) is a catastrophically ill.

I feel the pension an medical benefits allow me to take more risks with real estate and provide me with a back stop if catastrophe would strike.

I have deductibles as high as 10K and probably wouldn't file a claim under $20K, as I'm a big believer that insurance is for catastrophic events, not "that sucks" events. 

My experience has been catastrophic.