the insurance companies are not charities; they deserve to make reasonable profit for providing the insurance.  

If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).

The reasons cited for the market not following suit this time are concerns that increasing GDP, especially in Q4 of 2024, and policy changes such as tariffs could lead to a resurgence of inflation and thus a change in the Fed’s projections, with there being 150bps of variance between certain Fed members projections (Source).

So this program is between the property mgmt company and us, mostly. 

For full protection, your mortgage company will likely still require you to carry a landlord or dwelling policy.

This is our boilerplate language:Insurance: Tenant should obtain a renters’ policy of insurance on their personal property.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

As an investor - if I was putting $125k down I would want title in my name and a clear title policy - so that is where I would have the issue. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.