If you have not already purchased this policy, I would look for a policy that provided a stated amount deductible for wind/hail vs. a % deductible.

I highly recommend finding a broker and have them find a policy that meets your specific requirements.

I think Landlords are better off using strong policies, knowing the law, acting quickly and professionally.

As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify. 

There's also the fact that during Covid, Airbnb, going against hosts' cancellation policies, cancelled bookings and refunded any guest who said they had Covid, or their grandmother had Covid so they'd been exposed, or any other ridiculous excuse. 

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.

Cities and states have enforced this policy for well over 50 years and it always stood up in court.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

Our main carrier policy converts to vacant dwelling policy at completion for duration of term and can be renewed on case by case basis if unfinished or unsold.  

Being proactive ensures you’re always a step ahead, minimizing risks and keeping your business running smoothly.Example: Imagine you implement an outdated tenant screening policy that inadvertently violates a new anti-discrimination law.