The market value of a property usually doesn't dictate the insurance amount unless you've chosen to insure the property for what is known as actual cash value. 

The most important person in this type of situation is to have a good real estate attorney no matter what strategy is chosen.  

Or you need to request the info directly from the chosen tenant later....that's the issue with landlording this way.

As a result they’re forever attending seminars, workshops, classes provided by various real estate organizations; they’ve read every book ever written about real estate twice; they believe that they could be worth $1 billion now if only they had chosen real estate as their college major instead of medieval literature; but soon as they study for their real estate license in all 50 states they’ll be ready to begin.The Guru Junkie – I met this person while I was the designated provider of financing for a guru – back about 30 years ago.

It’s what franchising industry would have looked like if they’d hadn’t chosen to self regulate and get rid of the “bad actors”. 

The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy.

Looking to start the next chapter of my life, and REI is the primary path I have chosen. 

If you've chosen a Proper insurance over a typical insurance that covers STR with income replacement etc, why?

Ive chosen an appraiser and will start having my own appraisals done so the lenders appraisal hopefully wont come in so low next time.

Zero into your chosen area code and find the right street in a good/safe neighborhood.