The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Not sure their volume its certainly not like Kiavi or lima or one of the big players..

I want to avoid falling into a mindset of thinking we can't afford to invest because of the needs in front of us.

Generally there is some coverage for vandalism, but you'll have to look at your policy to find out for sure.

I am under contract for another property and am 99% sure I will not use them.

I’m sure out of everything this site and community offers, it’ll help me greatly! 

I'm not sure I understand the question and reference to diversification.

I'm not sure why one would choose to make an (active) investment that is break-even, when there are other (passive) opportunities for RE ownership that can produce cash flows - i.e. private equity/syndications. 

Just to make sure we’re both on the same page, I’m referring to the annualized total return that is included in the bigger pockets rental calculator — I wasn’t intending to compare RE to stocks, but maybe I’m missing something in your answer.  

I use them and they are way more affordable than any other insurance I know of.