Insurance coverage and amounts needed

[David Edwards]

Morning BP, 

Shopping around for insurance for our first rental property and wondering what the typical coverage you all go in for? It looks like the difference in 300k and 1mil liability coverage is a difference if around $5. The rebuild costs will end up higher that what we are planning on purchasing the property for in our current quote but in this market rebuilding for that would be tough.

Just looking for some pointers on whats important vs extra for someone who has never bought homeowners insurance (there was a question about the property being a rental in the quote generator so i think this covers me in an investment property)

Thanks fir the help,

Dave