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Updated almost 5 years ago,

User Stats

31
Posts
7
Votes
Soup Nikk
  • California, CA
7
Votes |
31
Posts

Landlord Insurance: Choosing a policy

Soup Nikk
  • California, CA
Posted
Hello BP Colleagues,

I am buying my first SFH rental (4bed, 2150 sqft) and wanted to run the insurance policy quote and details by the community as I am not fully aware of things that I should be opting for in a landlord insurance. My insurance quote is $795 for the year. House price is 250k

Coverage Details

1: Dwelling - 222k
2: Other Structures - 22l
3: Household Furnishing - 2k
4: Loss of use - 22k
5: Premises Liability (per occurrence)  - 300k
6: Medical Payments each person - 1k
7: Peril Deductible
   7a: Windstorm or Hail - 2200
   7b: Property Coverage deductible (all other perils) - 1k
8: Additional Replacement Cost - $55,500

Is there any room for improvement or this is good enough?

Looking forward to hear your thoughts.

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