5 unit Property insurance advice

[Saran Mandhadapu]

Hi,

*** request feedback by 12/28 Wednesday.

What is the minimum insurance coverage that I need to get for a 5 unit multi-family home? I need help. Here is a quote I received.

Building purchase price is $105K, but replacement cost is around 550K

Carrier = United States Liability Insurance Company

Commercial Property Insurance premium = $1,208

Commercial General Liability premium = $500

Total Premium = $1708 per year

Building insurance for $130K limit, 80% coinsurance, $1000 deductible

Business income coverage of $36K

Equipment breakdown coverage with deductible of $1000

Commercial General Liability:

Each occurrence = $1 million

Personal Injury and Advertising Injury = $1 million

Medical expenses = $5K

Damage to premises rented to you = $100K

General aggregate = $2 million

General liability deductible = $0

Please let me know what you think of the above coverage and deductibles?

Appreciate your help

Saran