Minimum liability coverage on rental units

[Johnathan Alesso]

Happy New Year, everyone!

I am under contract for a multi-property turnkey deal that covers a rust-belt area of central PA. I am comparing insurance rates for the portfolio and was offered widely varying quotes. What is the recommended liability coverage that you all carry on buy-and-holds? One company set the liability coverage a $1M and the other at $300,000. These properties will be in an LLC.

Thanks for your thoughts!