Landlord Insurance - how necessary is it?

[Angelito Mamutuk]

Hi BP,

This is probably a stupid question but wanted everyone's take on Landlord Insurance. I'm located in the Bergen County, New Jersey area and fortunate enough to be moving into a new primary home within the next month. My current primary residence is a multi-family (2 units) my wife and I house hacked, so it's under regular Home Insurance (through Geico). Since I'll be moving and renting out my space to a tenant, I'm back and forth between keeping the same home insurance or doing Landlord Insurance. The cost is much more - my home insurance now is $1100, and landlord insurance is $1850. 

Is Landlord Insurance worth it? First time using it. I require all my tenants to have renter's insurance as well. 

Again, I think I know the answer but figured I'd ask haha. Thanks for the help!