The carrier selects the defense counsel, weighs in on litigation strategy & decides when to settle claims.

It's also wise to at least notify your carrier but clarify you are not opening a claim at this time There's usually notice requirements, and you at least want to keep the door open. 

I don't think any particular program or carrier is one size fits all though.  

You could work with a broker who specializes in high-risk properties or look at surplus lines carriers that insure wildfire-prone areas in California.

It is usually cheaper to insure them individually as you can better match the risk to the best carrier.

We are able to offer quotes from Steadily while also considering other carriers that may offer better coverage or rates so you get the best of both worlds. 

Quote from @James Radford: Quote from @Ryan Carriere: @James Radford personally, I would be careful about this strategy of converting a property from an STR to an LTR right away the following year.

Now there may be an argument on the part of the carrier to exclude coverage citing gross negligence.

The payout is based on the cost to repair or rebuild what was damaged, not the total amount listed on the policy.Additionally, to ensure you’re fully covered, carriers require that you carry at least 80% of the property’s replacement cost.

Also check with an independent agent to find the best carrier and rate for coverage.