coverage questions

[Fred Stevenson]

I'm buying my first investment property, and have questions about the property insurance.  The quote I received was for General Liability (100,000/200,000), and the Building Coverage is for 70,000.00.  

The purchase price of the home is for $75,000.  It also has a 1000.00 deductible, and uses actual cash value in the valuation, rather than, replacement cost.  Does anyone have an opinion in terms of whether or not I'm getting enough coverage or if I'm missing anything that I should be getting. Thanks.