How would you properly insure your rental property?

[Ryan Santos]

I have my first property in KS City closing in a few weeks. I'm trying to shop for insurance so I first contacted my own insurance company and was given a quote for about $95/mo and covers pretty much everything except earthquake, sewage back up so I went and try to shop for a different one. I was looking here in the forums for insurance company recommendations and one company stood up so I went ahead and contacted them. I was then quoted for about $60/mo but the problem is they only want to do their basic coverage which doesn't cover water damage.

Any suggestion on what should I be getting as a coverage and why? I'm leaning towards more of my first quote since this is my first out of state investment but please tell me if I'm making the wrong decision.. Thanks!