Other than offering them a premium on its actual value, sure, you've asked a good question.

Foremost typically offers a relatively reasonably priced policy and you only pay as you go vs being a "fully earned" premium. 

For value add, its a choose your own adventure to see what improvements you can make at what cost and compare them to the current value to see if paying a premium over asking makes sense with the returns you want.

Also, I know that with all turnkey there is a premium/markup on the purchase price given that someone is actually doing all the work  for the investor , but sometimes looking at comps of some properties offered by those providers I see  the price is too too  high and won't make sense to buy even as a long buy hold ( like an example I saw one turnkey property  that on Zillow was last sold for $14K (to the provider) and they advertise  selling price for turnkey as $95K after renovating it !

(most expensive)I know this depends on the cost of the premiums, but I'm just hoping to get some insight from any of you who know insurance or may have been on a similar situation before.

Real estate in Rochester commands a very, very steep premium. 

However, if any of the employees are greater than 2% shareholders, the health insurance premiums are included on their W-2 as compensation. 

Basically just a premium for the realtor to walk properties, take a video, and do whatever other legwork might be needed.

We'll have to suffer with all that premium furniture and amenities we bought as a business. 

When you combine that with what @Dave Foster said about leverage the premium becomes a rounding error.I'll round out my diatribe with anther Buffet quote: "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price" I believe the idea holds true for Real Estate as well.