Insurance Coverage Help!!!

[Shardae Young]

HI!  So I purchased my first property, a 4 unit building in the west suburbs of Illinois, this summer. I was initially quoted $1750 per year for insurance coverage from a local company. Then the inspector comes out and says the replacement cost for the building should be 1,000,000 and not 264,000 (the price I paid for the building). The insurance company then contacts me to say the building is underinsured and they can not renew the policy at this rate. So now I'm looking for a new insurance company that will just cover ACV and not replacement cost of the building. Has this happened to anyone else? Does anyone have insurance company recommendations that will just cover actual cash value vs. replacement cost. With having a total replacement cost at 1 million, it eats into my cash flow so any recommendations and suggestions are welcomed!! 

Thanks in advance,

Shardae