It doesn't cover any loss of income due to your rental being repaired.

There are organizations that can provide the family with rental assistance; every municipality has one - and the assistance covers utilities as well. 

Is there a defined definintion of occupany that mandates a set amount of days per month that I must sleep under the roof of my primary residence?

Yes, I realize it was the first time, that is why I would cover the cost in an effort to be a good landlord and not discourage my tenants from reporting future issues.

They cover the entire renovation expense.  

(we charge the same Processing Fee as depositing to our bank)4) Pay online using their tenant portal (we absorb the small fee, to encourage this behavior as the internal resources saved more than cover that fee)We understand we have scales of efficiency a DIY landlord won't.

(I actually laughed when I first learned this.)10% property management fee (With separate charges for new leases, repair management, and rent collection—what exactly does this cover?)

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

Hey Sean, Thanks so much every day is a day closer to it happening while covering the investment as much as i can. 

No amount of insurance covers the personal loss.2.