Insurance agencies writing landlord DP-3, rent-loss, replacement cost (RCV), and commercial habitational policies required for DSCR closings. In Michigan (MI), closings operate under a Non-Judicial (Foreclosure by Advertisement) regime (60–90 days (+ redemption)-day average timeline) with a 1.38% average property tax rate and $520/$100K landlord hazard insurance benchmark.
100% Replacement Cost Value (RCV), 6–12 month rent loss, and windstorm/flood compliance.