Landlord Policy Advise

[Jessie Kristie]

Hi all,

I was wondering if anyone could give me advise on landlord policy.  I'll be closing on my first rental property soon, and I've been shopping around for insurance quotes.  Below are 2 quotes I received: 

1) $1,723/yr for 300k liability, 225k dwelling with $2,500 deductible

2) $1,982/yr for 500k liability, 267k dwelling with $1,000 deductible

I'm thinking to do $2,500 deductible for lower monthly payment but unsure about how much liability coverage I would need and should get.  I was also wondering if those quotes seem fair for landlord policies in zip 35758.  Any advise would be greatly appreciated.  Thanks!

Jessie

[Jessie Kristie]

Originally posted by @Bill B.:

Where are these properties located? Those quotes are seriously almost triple what I am paying on $300-$500k SFR properties in Las Vegas.

 This is in Huntsville, AL. I was able to get something else for almost 1/3 of the two quotes with same coverage. I wonder why the huge price difference though.