Is it hard to get good coverage now?

You can specify the coverage level for the dwelling, household furnishings, loss of use, liability, and medical payments to others.

This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.

Is it both liability and property coverage?

Also, my insurance is coming up in June and I would like to restructure so I can change the insurance coverage to the LLC. 

These are generally business loans based on assets and income of the property often structured as DSCR (Debt Service Coverage Ratio) loans.

Most hard money lenders will offer 8.75 - 10.00% on 5+ unit properties, depending on FICO, LTV, and Debt Service Coverage Ratio.

Then went to $2100 last year, then over $3k this year with less coverage.

The insurance company denied coverage because the smoke detector was not operational at the time of the fire.

Based on our coverage, it appears that we are protected.My question is, what does title insurance typically cover in this situation?