I want, no, NEED better coverage and would love your help!

I help real estate brokers find coverage for their clients in the multi-family, office, retail, and industrial sectors.

And it's important to note than good insurance coverage is an excellent protection against liability risk, and you''ll still need good insurance insurance even if you have the property in an LLC. 

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

@David Goodman  A lot of debt service coverage ratio loans can utilize interest only payments at the same interest rate as the amortized loan.

FYI - The Affordable Care Act requires plans and issuers that offer dependent child coverage to make the coverage available until the adult child reaches the age of 26.

but that also goes in hand with do you have other life insurance coverage that could pay off the mortgage should you pass? 

There are many other uses for the 203k but it's too comprehensive to list here. 

While rehabbing, you need vacant property coverage. 

If you get rental income the policy will include loss of rent coverage if damaged.