Quote from @Nicholas Dillon: I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%.

Moves risk to be financially covered by insurance hypothetically.

Many insurance companies do not allow adding a landlord as additional insured.  

Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.

As a medium-term rental, you'd be in better position to be connected with Insurance Company that way.  

I have home owners insurance should i buy another landlords policy as well?

A public insurance adjuster works for YOU!

., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.  

@Charlotte WilsonTo clarify, as @Perry Farella pointed out, there is an upfront MIP charge but there is also a monthly mortgage insurance premium (MIP).Any time to put down less than 20%, you will have to pay monthly mortgage insurance.

Hi Benjamin, call three insurance companies and get a quote, start there first.