Hi,In the home purchase contract we have(I'm in Nevada), it's indicated that seller will pay for home warranty and cover coverage of $600.What happens if I buy a coverage for like $500.

Thought I'd done all of my due diligence for starting into the STR space and now having challenges finding insurance coverage.

Thanks for your comment Tanner, for the flood insurance, is there a minimum coverage amount that you would require? 

Progressive insurance who I have my policy with, is now saying they want to cancel my coverage unless I fix my roof ASAP, and it needs to be done by licensed roofer.

Does your homeowner's insurance include sink hole coverage?

Is the coverage the same as if we get policy under our own name?  

Other variables will be income coverage, your experience and FICO, the market, and the property type. 

I don't think investors understand that in many foreclosure situations they are going to lose interest for sure and principal ( very common). the thought that 20 or 25% equity is enough coverage to alleviate a loss does not play out very often in a foreclosure situation.

It can also help you qualify for future financing (debt:income, coverage ratio).

Also, DSCR looks at the individual property and the debt service coverage ratio..