(Umbrella) Insurance Policy

[Louis Phlips]

Hello all,

I posted before, and got some awesome comments and suggestions, so I thought I'd try again..

I am in the process of purchasing an investment property (duplex) in North Pole, Alaska, and am looking for insurance. The property is valued at $225k, and am able to get an insurance premium through Country Financial for approximately $660 annually that would cover $500k in liability. To me, this seems rather high for relatively low coverage. Would it be a better idea to keep looking for another policy, or would it be better to stick with this policy and look into an umbrella policy?