What policy will be the best value (price/coverage) will depend also. 

Is one better or more comprehensive than the other?

Thanks@Joseph Scorese thanks for clarifying coverage area.

Its a requirement by the lender but if you owned the condo free and clear then you could technically elect not to have HO6 or walls in coverage for your condominium.Technically you could probably cancel but if the lender finds out we'll make you repurchase a HO6 policy or we'll purchase one for you and have you pay for it.

I did not need to be unemployed to find investment opportunities or to manage my investments.I had the best of both worlds, retired early at age 56 with 35 years service a pension and medical coverage.

If you have your investment in a LLC it is more expensive to get a loan, you will incur legal fees as well as pay higher taxes and you still need insurance coverage on the property. 

Your protection is in getting insurance policies that provide you coverage and include a duty to defend clause - meaning the insurance carrier has a duty to hire an attorney to defend you.

I am also a foreign investor and those questions resonate with my needs, in addition to my need for funding avenues.I hope responses are comprehensive and touch on different aspects.

Check your insurance just to make sure of your fire coverage.

That's like adding anywhere from the 7th to 3rd largest economy onto our own economy.Instead of looking at the media coverage of the economy I prefer to look at the actual numbers.