Landlord Insurance: Choosing a policy
Hello BP Colleagues,
I am buying my first SFH rental (4bed, 2150 sqft) and wanted to run the insurance policy quote and details by the community as I am not fully aware of things that I should be opting for in a landlord insurance. My insurance quote is $795 for the year. House price is 250k
Coverage Details
1: Dwelling - 222k
2: Other Structures - 22l
3: Household Furnishing - 2k
4: Loss of use - 22k
5: Premises Liability (per occurrence) - 300k
6: Medical Payments each person - 1k
7: Peril Deductible
7a: Windstorm or Hail - 2200
7b: Property Coverage deductible (all other perils) - 1k
8: Additional Replacement Cost - $55,500
I am buying my first SFH rental (4bed, 2150 sqft) and wanted to run the insurance policy quote and details by the community as I am not fully aware of things that I should be opting for in a landlord insurance. My insurance quote is $795 for the year. House price is 250k
Coverage Details
1: Dwelling - 222k
2: Other Structures - 22l
3: Household Furnishing - 2k
4: Loss of use - 22k
5: Premises Liability (per occurrence) - 300k
6: Medical Payments each person - 1k
7: Peril Deductible
7a: Windstorm or Hail - 2200
7b: Property Coverage deductible (all other perils) - 1k
8: Additional Replacement Cost - $55,500
Is there any room for improvement or this is good enough?
Looking forward to hear your thoughts.