You will blow your DCR (debt coverage ratio) out of the water.

The cost may not be as cheap as it could be if all of the updates were done in the last 20 years, but it is definitley possible to get coverage for it. 

Leah,I encourage all Landlords to make the coverage mandatory if you can. 

You'll have more leverage with underwriting which results in better price and better coverages.

Most commercial polices base the coverage on the "Replacement Cost". 

I have a renters policy through USAA with coverage for accidents. 

:)  Here is the silver lining: assuming your rent covers your holding cost, that nullifies the holding cost over the 6 month period while you are seasoning the property for a refinance, thus, you are still only into the property for 70% of ARV, and you in theory would get every last dollar back.OK, that's theory, but as a primary buy and hold investor and only occasional flipper, I would say, the 70% rule is only for flips, and the key metrics to look at for buy and hold is: Cap Rate and Debt Coverage Ratio, then subsequently cash on cash return on investment, IRR etc... 

I am wondering what is the minimum insurance coverage required in the state of GA?

Service line coverage insuranceDoes anyone have experience with NatGen, in particular these three options?  

In rare cases, you might be over insured and the lowing of the coverage would be justified.