Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

Have an interesting situation, looking for ideas on the best way to solve a problem for a distressed homeowner.

The insurance is higher along the coastal areas because of potential hurricanes but not bad the further north you go.  

In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.

Moves risk to be financially covered by insurance hypothetically.

My understanding is that typically, a homeowner must live in the property for at least a year before converting it to a rental.

(NY counties are generally quite expensive)Do you have home owners insurance to cover fire or other damage?

Purchase price: $178,000 Cash invested: $10,000 primary home own use has an Airbnb/ short term rental 5 months out the year/sometime this year will try BRRRR

I have home owners insurance should i buy another landlords policy as well?

It’s time to look into home owners/rental insurance.