Picking insurance from 2 options for my first rental property

[Kunal Lakhwani]

I received 2 quotes for a 1929 built SFR in Indianapolis IN. It is a 1100 sq ft 3 bed 1.5 bath with detached garage, backyard, and an unfinished basement.
The difference in the premium for both options is significant, so I am seeking opinion on if it is work going with the higher cost option.

Travelers: $820/year

• 100% Dwelling Replacement: $144k
• Detached structures (Garage): $14k
• Deductible: $1,000
• Property (appliances): $2,000
• Liability: $500k
• Loss of Rents: $15,000
• $5,000 water back-up (sump pump failure for basement)

Auto-Owners: $1400/year

• 100% Dwelling Replacement: $163k
• Detached structures (Garage): $16k
• Deductible: $1,000
• Property (appliances): $3k
• Liability: $500k
• Loss of Rents: $16,350
• $5k water back-up (sump pump failure for basement)
• $10k service line coverage (buried lines in yard)