Insurance. What do we need for multifamily properties?

[Javier Romero]

We are starting to look at plexes as it first investment. I'm trying to account for insurance in my cashflow calculations. I'm curious to hear how to best plan and budget for this.

What specific measures have you taken to manage and optimize the costs and coverage of insurance policies for your multifamily housing investments, and what advice would you give to fellow investors navigating this complex area of risk management?