HO6 Insurance for Rental Properties

[Wakes Andre]

I'm in the process of getting an HO6 insurance for my rental property. The prices vary from $550 to $2K depending on the coverage. I have a townhome that managed by HOA, in Florida. The HOA is responsible for the exterior of the building including the roof and drywall in case of the water leak for example.

This is a rental property and I don't think I must have all coverages. What are the coverages I need to have and which one are optional?

• Personal Property
• Dwelling Limit
• All Perils Deductible
• Hurricane Deductible
• Loss of Use
• Loss Assessment
• Liability
• Medical Payments
• Building Ordinance or Law Coverage
• Personal Property Loss Settlement
• Sinkhole Loss Coverage