What Kind of Rental Insurance Should I Have?

[Alfredo Alfaro]

Hello, I am looking into getting a quad-plex or Tri-plex with home-owner occupancy so I can get in with a lower down payment. I was curious though about the insurance coverage I should have? I know usually a rental insurance coverage is needed if I wasn’t to live in the property but I also don’t know what a good deductible would be to start with or if $900 a month is a good rate. Any information would be great!! Thank you in advance. 

Also since I would be residing in the quad-plex would I need rental insurance and home owners insurance?