That means I can ask my insurance to pay me the higher Actual Cash Value instead of the Dwelling A Coverage?   

(C) As used in this Lease, “Premises” means that certain private dwelling residence situated in ________________________________________ County, Minnesota and having an address of ____________________________________________________________________________________.

For full protection, your mortgage company will likely still require you to carry a landlord or dwelling policy.

The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."

I'm eager to learn about how to find and fund properties that help my family financially and my community with affordable/reasonable dwellings for young families and newlyweds.

If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landlord policy or similar name) or a commercial policy such as a Business Qwners or Package policy.Most homeowners or dwelling/fire policies include:1.

We bought a home built in 1900, insurance water damage coverage is 10% of the dwelling limit. 

FHA now allows us to count rental income from an ADU (additional dwelling unit) to help borrowers qualify.

The property is in an evolving area with an overlay for Detached Accessory Dwelling Unit.

You cannot have a traditional homeowners policy and a landlord policy on the same dwelling.