Advice on Property Insurance Coverage For Rentals

[Braden Moojalsky]

As I've started to analyze some properties I have wondered how others out there think about insurance. What kind of insurance do you all feel is an absolute must and what additional coverage is worth paying for (ex. loss of rent, vandalism, etc.). Also, when analyzing deals how do you typically estimate the cost of insurance for the deal? I've heard of some just using a % of the deal value, but would be helpful to hear some actual methodology from some experienced folks out there.

I'd appreciate any insight on this subject!