Total 3200 sqft home Ask the city if they mean footprint/lot coverage (yes 3200 sf) OR floor area ratio (1600 sf only).

The longer the gap in insurance coverage, the higher the future insurance premium.

You may have something written in the loan documents about the minimum ratio (ie. debt service coverage ratio, times interest earned, etc) that you need to meet in order to comply with their terms, so make sure you have the line items in your financial reports needed to calculate them.

I have an insurance policy for my flip also, maybe I would add coverage for them and hire them through my LLC? 

Since this is the only property out of the whole portfolio that was flagged, we decided to bite the bullet and stick with the coverage. 

You can do what’s called a non-agency product where they use alternative income sources such as 12 months average bank deposits, or no ratio program or DSC (debt service coverage) or you can do a conventional loan as an investment property and use the net rental income to qualify with.

I have a policy with American Home Shield and you can view the coverage online even if you don't have one...so take a look, it will answer many questions. 

While you foot the bill yourself, your opponents are funded either by insurance coverage or with money from the association's treasury funded by all members. 

@Michael ElfantBuilder’s risk covers damage to the unit being constructed (property)General liability is more like umbrella coverage.

You can even get investor loans on 1-4 unit properties that do not factor in your income, only the debt service coverage on the property you are acquiring.