Property Insurance Coverage

[Carlos Hernaiz Alonso]

Hello BP Fam!

I am under contract for my first property- 210K- 2/2 condo in Decatur, GA and looking for a general consensus on what to include in my property insurance coverage.

Aside from personal property and family liability protection, the agent mentioned the regular coverage for building property is 20% of purchase price.

Quote includes: Building property 45,000; Loss Assessments 25,000; Building Codes 20%. There is an HOA which should cover everything outside the Unit. Is this standard?

Would love to hear other peoples thoughts, personal experiences, advice, etc.

Thanks!