Comparing insurance quotes for new rental property

[Pratish Halady]

We are about to close on a rental property in Daly City, CA (just south of San Francisco). $980k, 5-bed / 3-ba, built in 1959. I obtained some insurance quotes and trying to figure out which is the better option. Just want to get your views on these options.

Company A:

Dwelling coverage amount / deductible - $409k / $5,000

Personal property coverage amount / deductible - $20.5k / $5,000

Loss of Rents coverage amount - $40,900

Premises Liability coverage amount - $1,000,000

Landlord Personal Injury coverage amount - $1,000,000

Other items from Company A:

Medical Payments $1k

Other Structures $5k

Total Premium = $100

TOTAL premium = $979

Company B:

Dwelling coverage amount / deductible - $498k / $1,000

Personal property coverage amount / deductible - $22.5k / $1,000

Loss of Rents coverage amount - $99,663

Premises Liability coverage amount - $1,000,000

Landlord Personal Injury coverage amount - $1,000,000

Other items from Company B:

175% dwelling extended replacement cost

Backup of sewers and drains $3,000

Bed bug infestation remediation coverage $2,500

Medical payments to others $5,000

Personal property and theft $2,500

Landlord eviction reimbursement

TOTAL Premium = $1,019

Company A appears to be a “basic form” but for B I think it is “special” because it seems to include some other things (e.g. theft). Also I *think* both are on replacement cost basis, rather than ACV. But let me know if anything suggests otherwise; it isn't very clear from their proposal.

It seems to me that Company B is the better deal, but am I missing anything?

Is there any other important coverage that is missing from these?

Any particular company I should seek a quote from in San Francisco area that is particularly good?

Thanks very much for your advice!