Typically, it goes over all the items in the home.

Utilities around $150.

I don't recall that they cover these types of things under normal wear and tear or typical break down. 

That typically is investors.

BUY quality SINGLE FAMILY homes SFH.that appreciate.4.Always do a home inspection using a certified home inspector ( with utilities turned on) and separately  hire an A.C. company to thoroughly inspect the state of the HVAC ( it might be blowing cold air today , which passes a home inspectors test) but the coils might be shot and the system riddled with leaks and crushed air handling tubes.

If you don't utilize a mortgage or deed of trust (depends on the state), then the loan is a personal loan.  

If that is true, you can but lenders who do this typically only do it with a rehabber with experience and a good track record.

Policies seemed pretty typical, we'll see how it goes.

are the utilities seperate?

Will,Did you utilize a real estate agent or a certain website to find this house in foreclosure?