Your Contractor should carry both General Liability Insurance to protect your property against damages, and Worker's Compensation insurance to protect you in the event that a worker is badly injured on your jobsite.Before you start construction ask your Contractor to provide a valid, up-to-date Certificate of Insurance that indicates the coverage that they are carrying for their business.

@Glenn Primack I would assert that without knowing the coverage terms and carrier quality we can't know if the policy is a good deal or not; all we know is that it is a cheap price! 

I've narrowed it down the choice between two carriers and there's a significant price difference between the two, as one offers replacement cost and the other actual cash value.Purchase Price:202,500 Loan Amount: ~$160,000Option 1: $1500/yearCoverage Amount: $205,000 - ACTUAL CASH VALUE Includes: Liability, Earthquake, Loss of useOption 2: $2,800/year Coverage Amount: $500,000 - REPLACEMENT COST Includes: Liability, Earthquake, Loss of useI can't decide which policy is more appropriate to protect my investment.

A key measure is Debt service coverage ratio.

And while Airbnb and HomeAway do provide some insurance coverage for hosts in case of damage, you'll absolutely need a homeowner's insurance policy that's designed for a short term rental property - which is different from standard homeowner's insurance.

In a PUD project, it holds title to the common elements.homeowner's insuranceAn insurance policy that combines personal liability insurance and hazard insurance coverage for a dwelling and its contents.homeowner's warrantyA type of insurance often purchased by homebuyers that will cover repairs to certain items, such as heating or air conditioning, should they break down within the coverage period.

They have good coverage and it's easy to pull the list you want.We just sent our first mailers last week and used! 

I am buying primary house (which I'll live in) with a separate duplex building in the back to make it 3 units in total.The quotes I have received are quite higher than I'd like for even half decent coverage so wondering if anyone has a good connection for this type of investment.

Short amort on this one still has a debt service coverage ratio of 1.25 at $1100 per month and jumps to 1.82 at $1600 per month. 

I don't know why the adjuster has already told you the roof damage will not be covered unless you do not have proper coverage on your policy.