Insurance Coverage

[Maceo D.]

Hello, I am trying to get quotes for insurance on my first rental property and want to get opinions on what I should get. This information comes from USAA if that matters. I am doing mid-range deductibles (I see a lot of folks here opting for high deductibles but with me just starting out I chose to go in the middle).

My property is in Arlington, Texas.

I already chose:

• Dwelling (A dwelling is the main residential home on the premises. The limit of coverage reflects the estimated cost to rebuild your home if it is destroyed by a covered event.)
• Home Protector (This endorsement will provide additional coverage if the amount of a covered loss exceeds your Dwelling coverage limit because of increased building costs, building code changes, inflationary effects from material shortages or additional debris removal expenses.)
• Personal Belongings
• Other Structures
• Loss of Rental Income
• Personal Liability
• Medical Payments to Others

Should I add-on these coverages:

• Water Backup or Sump Pump Overflow (This provides coverage for non-flood-related water back-ups through sewer lines and drains, and overflow from sump pumps (machines used to remove water from the foundation or basement of a home).)
• Slab or Foundation (This provides up to $15,000 for damage to the slab or foundation of your home if the damage is caused by accidental discharge or leakage of water or steam (including constant or repeated seepage) from within a plumbing system or household appliance.
  This does not provide coverage for the plumbing system or household appliance itself. There is also no coverage for settling, cracking, shrinking, bulging or expansion of pavements, patios, walls, floors, roofs or ceilings.)
• Water Damage (This provides coverage for damage caused by the constant or repeated leakage of water from a household appliance or heating, air conditioning or plumbing system. It covers the cost of tearing into and replacing any part of your home necessary to provide access to repair the appliance or system but does not cover the actual appliance or system. Sudden and accidental water damage, other than flood, is covered under your basic policy.)
• Mold (This provides coverage to test for, treat and remove mold from your dwelling. The mold must be the direct result of a covered loss under your policy.)

Thanks in advance.