Then there are adjustments for things like property type, loan amount, prepayment penalty term, location, the DSCR (debt-service coverage ratio (basically the cash-flow) which you get by dividing Gross Rent by PITIA). 

And, with a tenant doing short term arbitrage in my building, does that require me to get the more expensive STR insurance myself, or would my normal landlord policy be enough (in combination with the tenants extra coverage), since I'm not personally running that STR business?

Sometimes brokers have different companies they work with and can compete differently on rates and coverages.  

I know all the pro/con of an LLC vs DBA and still think I want to do this and use some of the cost savings to increase insurance coverage to offset the perceived increase in liabilityMy question(s) are as follows: 1) Are there any tax consequences to transferring the LLC assets into our name (again we are the owners of the LLCs) ?

I would recommend finding a reputable insurance agent and working with them to determine the best coverages for you. 

Maybe 80% coverage in many areas of Texas vs maybe 35-50% in CA.Come on down and join the party....but like we preach, don't CA my Texas. 

Also the coverage is not so great, as they cap the maximum re-build cost 20% lower than carrier #1, even after agent #2 ran it past underwriting for an exception (with carrier #2's re-build cost being extremely tight on rebuild, so I only want no. 2's policy if the home is a part-time rental).Based on the income that we would generating off any future, part-time rental of our home, I can easily afford to purchase BOTH policies, which is what I am currently leaning towards doing.

Also the coverage is not so great, as they cap the maximum re-build cost 20% lower than carrier #1, even after agent #2 ran it past underwriting for an exception (with carrier #2's re-build cost being extremely tight on rebuild, so I only want no. 2's policy if the home is a part-time rental).Based on the income that we would generating off any future, part-time rental of our home, I can easily afford to purchase BOTH policies, which is what I am currently leaning towards doing.

Such reasons could be a obscure value add, maybe need work coverage for a crew, etc. 

For any of you who are experienced investors, what coverages have you needed??