If you are considering it more for regular life benefit then I say go for it, knowing that it is the primary reason and anything you get from the investment part is just a bonus. 

Or should it be something simple as Hi My name is Dean and  i am interested in buying your property at 123 Main St.  

I invest in Western and South western suburbs mainly for buy n hold rental SFH.

After paying in additional 10% in Principle.Mortgage will go down to 1290/month.I realize there is a negative cash flow to start, but im thinking the 15k in equity off the bat and highly recommended tenants making rent payments in the 1st month is worth it (no waiting a month or more to find a good tenant.)Main goal is buy and hold.

I'm getting desperate now, mainly because our household financial needs are dire now.

You must research the benefits and potential downsides. 

Are there major things you would do differently of you we're starting over maybe the OP and others would benefit from hearing 

I guess I am a skeptic that thinks between the deductible and the claim fighting that I won't ever get any benefit from the insurance itself.

The two main options for doing so are called borrower paid single premium mortgage insurance and lender paid single premium. 

Can a wholesaler benefit from homes that got flooded.