Insurance on my first Rental

[Asem AbuAwad]

Hi BP Family,

I am trying to see what kind of insurance I can have on my first rental home(my primary). I called my insurance company hoping to just insure the outside of the house(to lower my monthly payment) but they quoted me double what I am paying now just because they have been receiving lots of claims from rented homes.

Any idea what I need to proceed in this step?  What do investors elect when they want to rent their home or properties?

Thanks,

Asem