Is there a minimum debt service coverage ratio or some other cash flow coverage ratio? 

Creating supplemental passive income through smart rental property investments is a powerful and realistic goal and you’re taking the right first step by educating yourself early.Since you mentioned you're leaning toward rental properties with variable rent lengths, that opens a lot of flexibility.

@Stephanie Heron Weeber The Builders Risk policy is the correct coverage for this project.   

Our concern is that we are limited to their company policies and do not get the benefit of seeing what else is out there.We have had a recent meeting with them to review all of the policies and coverages and feel good about coverage, etc.I know we may not find significant costs savings out there with current conditions but would like that validation of that if true.

The purpose for this property will be to supplement their long term care.

This policy will provide additional coverage above what your existing policy covers.

Your rental dwelling policy will cover if you have water damage coverage.

Is anyone having trouble getting insurance coverage after filing a couple of claims?

We have rentals right now that each have landlord insurance and I am looking into buying an umbrella insurance policy for added liability coverage.

All 5 residential units are occupied and 2 of the commercial units are occupied, the other 2 are vacant because they were shops run by the seller.I'm looking for commercial insurance for the property, that includes earthquake coverage and mining substinence.Can anyone provide any potential contacts for me to reach out to?