How much money should I insure my rental properties for with ACV and $10K deductible?

[Matt Wells]

I want to get the community's thoughts.  How much money should I insure my rental properties for with ACV (actual cash value) and $10K deductible? Should I insure for the capital I have in the homes or for how much they are currently worth? I have added value to all of my properties, and they have risen in value from appreciation. If the homes get destroyed I will not rebuild. I want my initial investment back and to move on to other opportunities. If there is a fire or whatever else, I will not claim unless the cost to repair is $20,000 or more.