Hi Pedro - I wouldn't have even given my client the prices for the other options considering the cost difference is so little. $1M is the way to go. Your liability exposure is so much higher with a rental compared with a primary residence.
Hi Pedro, I would be happy to give you the recommendations I give to my clients (and especially investor clients). Having the proper protection is crucial when spreading your liability and carrying a heavier asset portfolio.
I'll send you a message.
I agree with @Casey J Burkhead . The premium difference is so marginal that you might as well get the $1M policy.
If you have other properties, it may be more cost effective to simply buy a $1M umbrella policy and then get $300k (or whatever the requirement is for your umbrella policy) liability homeowner policies on each property. This would effectively be the same thing although, given your quote, I might just have the umbrella policy cover your other units and buy the $1M policy for your duplex due to the premium pricing.