This means that for the first two months I will effectively not have insurance coverage.- Agent 2: suggests commercial policy- After explaining the situation to her that occurred with agent 1, she gave me two unofficial quotes on the phone: - Full Replacement (estimated cost of $542,000) with $2M in liability: total premium of $4600 / year- ACV Policy with $300K coverage and $2M in liability: total premium $3400 / yearMy questions:- What type of policy do I need given that I have owner occupant financing, but cannot live in the house for 60 days?

I have 4 mil total in coverages.

Hi Dan,@Dan TurkelI know it may seem simple to you but your Comprehensive reply is very helpful.

If the value is in the land and a fire or event would be blessing to just start over, just get some coverage in case someone gets hurt on the property.

Furthermore, I could theoretically purchase a building with a hard money loan with say 25% down and then refinance with a more conventional term loan once the owner move in has seasoned, as the LTV and debt coverage would be more in line with conventional underwriting.Please let me know if my thinking is off base or if lenders don't allow for this structure.

DWELLING FIRE COVERAGECOVERAGE LIMIT DEDUCTIBLE VALUATIONCOVERAGE Building, LIMIT$ 250,000, DEDUCTIBLE $1,000 (all perils), VALUATION Replacement CostCOVERAGE Other Structures, LIMIT $25,000, DEDUCTIBLE $1,000 (all perils), VALUATION Replacement CostCOVERAGE Fair Rental Value, LIMIT $ 25,000COVERAGE Vandalism & Malicious Mischief Coverage is included2.

I am trying to validate with actual sales data the market value of potential houses to rehab and flip, and am looking for a comprehensive data set of the past 6 months sales data.

But because some lead-based paint was still found in warehouses and was available for use, and because enacting comprehensive legislation took a long time, the 1978 date is what we have to deal with.Many homes built before 1978 do not have lead based paint.

Anyway I am looking for a comprehensive scheduled maintenance sheet of some sort. 

@David S. great information especially about the "loss of rents" coverage through insurance.