insurance quote for first investment property

[Dimitri Paspalaris]

I am in the process of getting my first investment property and I think I have a decent insurance quote can someone in the florida area review it for me. I have posted it below thanks.  

Total With Flood Coverage:

$567.00

Includes Flood Premium: $100.00

Total Without Flood

Coverage: $467.00

Hurricane Premium: $147

Non-Hurricane Premium: $393

Nonrefundable Assessments and Fees: MGA Fee: $25

EMPA Fee: $2

Geocoding Information

Responding Fire District: JACKSONVILLE

Protection Class: 01

BCEG: 99

Distance To Coast: 99,500.00

General Risk Information

Construction Type: Masonry 100%

Year Built: 1952

Fire Hydrant Within 1,000 Feet of Home? Yes

Usage: Rental Only

Coverage Information

Primary Coverages

Coverage L (Premises Liability): $100,000

Coverage M (Medical Payments): $1,000

Limited Fungi Coverage Section I: $10,000

Limited Fungi Coverage Section II: $50,000

Coverage A (Dwelling): $100,000

Coverage B (Other Structure): 2% of Coverage A

Coverage C (Personal Property): Excluded

Coverage D & E (Additional Living Expense & Fair Rental

Value): $10,000

Water Damage Coverage: Limited

Deductibles

All Other Perils (AOP) Deductible: $1,000 Hurricane Deductible: $2,000 (2% of Cov A)

Optional Coverages

Ordinance or Law Coverage: 25% of Cov A

Loss Assessment Coverage: $1,000

Flood & Water Back Up Coverage: Yes

Roof Loss Settlement: Replacement Cost

Identity Theft Coverage: Included

[Jared Townsend]

This looks pretty decent. I would suggest the following:

• Remove identity theft coverage. This should be covered on your primary residence policy and is redundant here.
• $100,000 liability coverage is low. I always encourage clients to get at least $300,000 so you can qualify for an umbrella policy if needed. $500,000 or $1 million would be even better. 
• Limited water damage coverage caps water damage to $10k - anything beyond that is on you. I always look for full water damage (coverage up to your dwelling limit) but sometimes it isn't cost efficient. 

I hope that helps!