new landlord policy - need advice on whether lower liability

[Tania Strobinski]

hi

we just bought a property in South Philly with tenants already there.  The house is in a pretty bad condition, so we bought as is.  We'll be flipping when they move out.  But the main problems do seem to be easily fixable.  Meantime, this is what my agent suggested for policy, it comes out to almost $100 /mo, so I am doubtful:

dwelling 150,000 liability with 2500 deductible

premises 350,000 liability 

500 med. included

there's a pre 1930 built surcharge

rawhouse charge

premium comes to $1,107  - does it sound too much or about right?