Condo insurance coverage needs

[Jean T.]

I owe a condo that is now going to be rented. I have gotten quotes from a couple of companies. I'm wondering how much coverage is adequate.

One quote I've gotten has dwelling at $6K, after talking to the agent. While I'm only responsible for the walls and in, that still seems small to me. Another agent recommended $80K (with at least $40K min). That seems too much. I don't think it will take that much to rebuild the inside in case of loss.

What about liability? I'm thinking $300K with $1M umbrella to include two other properties I own.

What are the thoughts of experienced landlords?