Property Insurance for Rental Property?

[Brandon S.]

Hi all,

Shopping around for property insurance for a rental property... looking for recommendations on policy limits and features to look for!

Here are some basics on the property: Single Family Home, one story, 3BR/1.75BA, attached 2 car-garage, ~1100 sq ft., built in 1980, no pool.

Would love to answers to the questions below (in addition to whatever else you guys may have tucked away in your brains!):

• What type is recommended? (I've heard HO-3 being common?)
• Is replacement-cost insurance recommended on a rental?
• Lots of quotes I have gotten don't cover personal property at all, since it's a rental, I'm thinking that's fine?
• Loss of use - what recommendations here on policy limits (based on rents at about $2200/month)?
• Medical is only $1000/person on all my quotes. Is this good enough?
• Liability is about $300k on most of my quotes. Is this good enough?
• What companies are known to be extremely painful to deal with when making a claim?
• What are some small things to look for in the fine print that could be a deal breaker?
• Recommended deductible: $1,000 or $2500 ?

That's all I have for now. Thanks in advance!!!