What kind of area are you in and what kind of coverage do you want? 

Look into DSCR Loans (Debt-Service Coverage Ratio)These are designed specifically for investors and don’t look at your personal income or DTI - they look at whether the property can pay for itself (i.e., does the rent cover the mortgage and expenses).

You will need to notify your current insurance provider that you are converting to an investment property so your coverage can be updated accordingly.When obtaining financing for your new primary, you shouldn't get any weird conditions around your current primary unless you've been in it for under 12 months...

My group and I work with buyers in Florida and every deal is different for coverage costs.Many factors are considered such as location & proximity to coastline, construction type and materials, roof type, age / condition, home age and condition, home value and rebuilding cost. 

As said these are hard money loans; short term, high interest or Debt Service Coverage Ratio (DSCR) based on the income of the property. 

Debt Service Coverage Ratio (DSCR)Definition:DSCR measures a property’s ability to cover its debt payments with its net income.Formula:DSCR = NOI ÷ Annual Debt Service (mortgage payments)Example:Let’s say your loan payments (principal + interest) total $60,000/year.DSCR = $74,000 ÷ $60,000 = 1.23A DSCR above 1.2 is generally considered healthy by lenders.

If it's a premises liability matter and falls outside of general liability coverage, do you really believe the plaintiffs attorney who is likely working on a contingent fee basis cares to pursue the claim against the defendant regardless of whether there are real asset?

If you pay 1 caregiver $16.00 an hour, that's $11K per month to get 24x7 coverage for just 1 caregiver.  

(For context, my employer pays 100% of the cost for a very nice insurance plan with $0 copay on many things and small copays on other things, and has good out of network coverage.

A pool increases risk, so it’s wise to add liability coverage or an umbrella policy.