Piece of mind through proper coverage on duplex in IL?
I am currently paying $1600 for home owners insurance on a duplex. The property was bought for 175k. I shopped around online yet ended up meeting this guy in a store randomly. Problem being, the reason I would even want insurance is to cover tenant damages. They say my policy does not. I inherited both tenants and have decide to rehab once they get a place to move to. They do not pass my qualifications for an apartment.
Do I switch to landlord insurance for piece of mind? If so how much do people usually pay for such coverage?
I am in the western suburbs of Chicago.
-Rick