Why don’t doomsayers ever use their regular account?

People post this question regularly here on the forums.

My average premium is roughly $1500 per property with a $1000 deductible.However, a buddy of mine recently had an electrical fire and his whole investment burned to the ground, so now I'm thinking I should have better coverage, but it's rather expensive where claims are paid on a replacement cost basis which would run about $2650As far as I understand it, my policy would cover a lot of the cost of replacing things like a roof or damage from natural disaster or fire etc... but not 100% whereas the replacement cost policy would simply cover all costs at the expense of devouring my cashflow.I'm just wondering what most people have and what someone would recommend?

I bank with BOA, Chase, and Usaa so naturally these cane to mind.

If it’s 1-5, you can get a regular home loan but will have to pay 20% down if you don’t live in the property.

Both of which are natural born people magnets.

v=e0TSoDnFNGs&feature=youtu.be(NOTE to Virtual Assistants:  this video is informative in nature and applicable to many people in the BP community; it does NOT contain any promotional material and does not violate the Terms of Service as I understand them. 

rate for FHA 203k is about 0.25% - 0.75% higher than regular FHA loan (FHA 203b) 

The statutory agent must be one of the following: (1) A natural person who is a resident of this state; or (2) A domestic or foreign corporation, nonprofit corporation, limited liability company, partnership, limited partnership, limited liability partnership, limited partnership association, professional association, business trust, or unincorporated nonprofit association that has a business address in this state.

Visit the property regularly to pick up mail, newsletters, etc and walk the property.