Insurance for 11 unit complex

[Adam Brammer]

Hello all,

I am in the process of closing out on my first property which is an 11 unit property in FL, and am currently shopping around for insurance coverage on the properties. The mix consists on one 8 unit building, one duplex, and one SFH all next to each other. I am seeing ranges of coverages from $1900/year up to $7000/year. There are large fluctuations in what each plan has to offer which obviously makes up for the pricing differences.

My question to the community is how much insurance (property and liability) should I be looking for without over-insuring the property? It's a student rental area which I know will make the rates a little higher. Many of the larger companies (State Farm, Allstate, etc) have no quoted saying that they aren't in that market. 

Any help is appreciated!