Property Insurance comparsion

[Peter Sik]

Hello, I got 2 quotations from insurance company. Some coverage are higher then other and the premium are like $200 different. As I ahve very limited experience of insurance. I would like to hear your advise on which one should I go with. My purchase price for this property is $137000. Thank you.

Insurance 1:

Coverages Dwelling (Coverage A) 215,000 959.00

Dwelling Extra Replacement Cost Excluded Dwelling Extension 21,500

Personal Property (Coverage B) 32,250

Business Liability (Coverage L) each occurrence 300,000

Business Liability (Coverage L) annual aggregate 600,000

Premises Medical Payments (Coverage M) each person 1,000

Loss of Rents (Actual Loss Sustained) Deductibles Policy deductible 1% 2,150

Charges / Credits Home Alert (37.00)

Policy Options and Endorsements Replacement Cost on Contents - Opt RC 74.00

Total Annual Premium 996.00

Insurance 2:

Thanks a lot.