Critique my landlord insurance policy please

[Aubrey P.]

I purchased a 2 bedroom condo in the DC area (U Street area) and am now using it as a rental. The condo is 1000 sqft. Should I get an extra umbrella policy up to 1 or 3 million? Please let me know if there is anything else I should add to be better covered. The following is what the new landlord insurance policy covers as of now:

Building Items:$94,000

Personal belongings:$3,000

Personal liability:$300,000

Medical payments:$5,000

Deductible(s)

All perils:$500

Annual Premium:$345.14