Ohio Lease and rental insurance

[Kathy Villagomez]

Hi,

I have a SFH in Castalia, Ohio that we want to rent. I was wondering what the standard expectation for rental insurance amount should be. Here's the language in the lease:

Landlord, in its sole discretion and for its sole benefit, may cause the Premises to be insured as it deems appropriate. Tenant will have no right or claim to any insurance or insurance proceeds of Landlord. Tenant acknowledges that Landlord has no obligation to obtain insurance for Tenant including, but not limited to, liability, hazard, or contents insurance. Tenant shall, at Tenant’s sole cost and expense, obtain renter’s insurance covering the full value of all personal property of Tenant in the Premises, and providing liability coverage to Tenant in an amount not less than $_________, which policy shall name Landlord as an additional insured. Tenant shall maintain such renter’s insurance at all times during the Term of the Lease. Tenant shall provide a certificate of insurance to Landlord demonstrating that Tenant has procured the required insurance coverage, within 10 days after the commencement of the Term of this Lease and within 10 days after any renewal or change in such insurance coverage. If Tenant fails to procure the required insurance, allows such insurance to be cancelled or to lapse, or fails to timely provide the required certificates of insurance, the same shall be a Default of this Lease.

I'm not sure what to enter as an amount for the policy coverage.  Any tips?

Thank you,

Kathy