Loss of rent coverage

[Greg Atwood]

For those more experienced than me.  I am looking into insurance on 4 duplexes and a mobile home I am set to close on.  Each side rents for $950/mo on average.  Without Loss of Rent coverage, the annual premium for the property is about $6562 and with it is $7500 ( so the difference is about 1 month's rent for one of the units or about 1% of the total annual expected rental income).

Obviously if I add it, I guarantee I am paying out the extra money.  The duplexes are in pretty good shape right now at only 3 years old.

Do most of you add this feature, or do you take the chance and plan to save the extra premium money and deal with the LOR if you have to?