Rental Insurance Amount in Lease Agreement

[Nate Burgher]

Hey BP Members! 

I am utilizing the BP Landlord Forum for my most recent property and came across the section that designates the amount of insurance the tenant needs, and I'm unsure on how to determine the amount. Can you chime in with any advice? The verbiage is below...

"Tenant shall, at Tenant’s sole cost and expense, obtain renter’s insurance covering the full value of all personal property of Tenant in the Premises, and providing liability coverage to Tenant in an amount not less than $_________, which policy shall name Landlord as an additional insured. Tenant shall maintain such renter’s insurance at all times during the Term of the Lease."

Thanks!