This is done to avoid tripping the due on sale clause, because the insurance company has to send a notice to the lender anytime there is a chage in coverage, by law.

Don't look at it as increasing your insurance as much as getting the proper coverage should you need to put in a claim. 

And what are the coverages that I should pay more attention to?

So if your have renter's insurance as the first line of defense, then if there is a claim for $5000 or $10000 it would probably be covered by the renter's policy before it would go to your landlord coverage. 

(net rent - expenses as a percentage of the monthly loan cost) Hence the name "Debt Service Coverage Ratio" loan.

Best rates and better coverage than any agent I have spoke with locally in Michigan.No minimum.

Hi BP,I hope everyone is well! I haven't read much about DSCR loans; but as far as what i understand - it focuses more on about the potential rental income and overall health of the investment rather than your persona...

It doesn’t give them any additional rights or coverage under your policy.  

I would be more concerned about your insurance doing an inspection and revoking coverage because of it, personally.

No, I would not consider it commercial use and I have never heard anyone being declined warranty coverage in this situation