Hoi Jasdev, welkom!

@Jimmy Ho I would consult an agent and see if your numbers are correct and if they are I would sell.

My HOI is $2,100/year and flood is $2,000/ year, but I’m in a flood zone and elevation is 5ft. 

So, you would say that the two key drivers, in order to protect any unforeseen downside are the following: (1) location (*which is worth its weight in gold), and (2) crunch the numbers (*need to make sure the mortgage, HOI, capex fund, and any other incidentals are covered).

As for your question on another disaster I have a renters clause in my HOI where if my tenants are displaced my insurance pays the lost rent - I have to look at the policy on my other house on how long it goes for but I think it's for up to 6 months.  

Let's face it, we get hammered on our insurance for the simple reason that HOI is not regulated in TX.3.

@Jimmy HoI would say go with the title company that you establish a relationship with.

@Uyenchi Ho I used an Airbnb in Truckee.

The first option, which has failed for months, is having the servicer email the borrower for a copy of current HOI info.  

BLUF: Is the below Homeowners Insurance (HOI) coverage adequate for a $700,000 personal home with an attached one (1) bedroom multi-generational unit (aka: mother in-law suite)?