Insuring my rentals. ACV vs RCV & $5k vs $10k deductible. What would you do?

[Matt Wells]

I'm re-evaluating my insurance on my properties. I am going to insure for purchase price + rehab cost, not the appraised value. I am getting proposals on ACV and RCV policies and $5k, and $10k deductibles. If there isn't much of a price difference I will opt for RCV and $5k deductibles insured for purchase price + rehab cost. I am aware of how ACV and RCV pay out claims and my insurance does not have a coinsurance penalty.

Please share how you insure your properties. The community's experience and insights would be helpful. 

[Greg Scott]

As a guy who's been through about a dozen claims, always get RCV.  Don't skimp on liability coverage either. I typically used DP3 policies on SF. (Ask your broker)