I can share a couple of insurance agents' contacts in the area, so you can get quotes and compare coverages and prices. 

Every tenant is different, how would you know how much insurance they would want or do you just do a "base" amount so they have basic coverage ?

Make sure you have enough insurance personally (umbrella plus good underlying liability in relationship to your net worth) and corporately (same thing - umbrella plus underlying coverage). 

Hopefully your property hasn't been vacant for very long or you were proactive and set up insurance coverage to cover the property during the renovation process.

So, I paid $7,000 cash for 6 yrs of full coverage on each home from Home Choice. (🤯😱🤬)But, it’s been a total nightmare.

Mention the circumstances under which the deposit might be retained as well as how it will be returned at the conclusion of the lease.Make sure you have enough insurance coverage for renting out a room by checking with your homeowner's insurance company.

I am not talking about just dropping coverage and taking the risk, and I am not talking about dropping insurance and putting monthly payments into a savings account.

Cobra improved that but still left a 6 months gap in coverage until Medicare kick in.

You most likely will need to move the coverage to a Dwelling Fire (aka Landlord) policy. 

You need to have Liability coverage for a Lot.