Liability insurance recommendation for the investment property

[Shak F.]

Hello BPs, 

I am in process of closing an investment property. The lender is looking for proof of insurance/insurance. Is there any recommendations how much liability should I keep?

I am new to the investment and BP. Any advice would be greatly appreciated. 

Thank you,

Shak 

[Shak F.]

Quote from @Bill B.:

500/500 with an umbrella on top if you’re worth $1million or more. 

 Thank you