The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.

It protects YOU and any other future endeavors.

(Telephone Consumer Protection Act) and the DNC (Do Not Call) list regulations.Here's an introduction: https://www.compliancepoint.co... 

This will protect your personal assets, should something major arise.

If you changed the terms you advertised originally, someone could probably claim you did it to disadvantage an application from a protected class.

The county assessor says land value = $18,600I got an ACV policy from AllState with the following:Estimated Replace Cost (ERC) = $352,621Dwelling Protection = 175,000Deductuble = 1KSo assuming after renovations market value matches the dwelling protection of $175,000$175,000 - $18,600 (land value) = $156,400 (ACV)Subtract ACV from ERC: $352,621-$156,400 = $196,221 (amount of depreciation)196,221/352,621 = .556 (percentage of depreciation)Does that math look right?

Arguably the process could be improved, but totally taking away protections is a mistake.

She is an A player

In some cases tenant's are protected by age/family status. 

Keep in mind the best assurance is the fact you are doing a good deal. all the agreements in the world won't protect them from losing money on a bad deal.