Insurance proceeds are typically provided in a check that must be endorsed by both the policy holder and the mortgage holder. 

@Casey Ram older homes generally have more expensive insurance.

LOL  I would never take insurance from off shore holy cow..

Our current insurance company decided to not renew the policy.

I would ask the insurance company for more documentation on the reasoning. 

But one tool that often gets overlooked in the wealth-building strategy is life insurance - and it can be a powerful asset for your real estate business. 

A "miserable corporate job to no where" isn't all that bad - health insurance benefits, 401k matching, probably some sort of discount stock purchase plan, stability, lenders like it.

Quote from @Brooke Morton: Does anyone have recommendations for condo/HOA insurance?

Self-insurance is really no insurance.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.