Landlord Insurance: Choosing Coverage

[Charley F.]

I have to switch from Home Owners Insurance to Landlord. My agent quote me the following, please let me know your thoughts.

P.S. Someone suggested liability is too low, but did not said what would be a good coverage.

I got the quote and here is what I got.

• Policy Type: DP3
• Dwelling: $100K
• Other Structures: $7,400
• Content: $5,000
• Loss of Use: $0
• Liability Coverage: $100K
• Medical Payments: $2,000
• 10% of the property value in lost rent based on “fair market value” for the neighborhood.

It came out for $525.50.

Is there any room for improvement or this is good enough?

Looking forward to hear your thoughts.