Would this large amount not negate any potential savings you would have over the course of the next few years?

Your listing will not come up with these searches.You mention a large fenced in backyard and not a single picture of it!

I own a large portfolio of SF rentals in Memphis, TN.

Increase supply (or at least encourage development), and the prices will eventually come down (as we've seen in other large cities like Austin where the demand boom was followed by a supply boom - and now both sale prices and rents have gone down). 

Property is located at a wonderful highly traffic location. 18k cars a day and will only be increasing. 5 of the 13 acres is zoned commercial, the back 8 acres is zoned large lot residential.

If you have people cutting you large six digit and 7 digit checks, I keep my ears open to hear what they are saying.

RE is a get rich slow game and there are increasing number of people talking about how difficult it is to retire from your day job even with large numbers of rentals because cash flow is thin.On the one hand there is the Small But Mighty portfolio mentality which I believe is a book in the BP store by Chad Carson.

So it's possible that the other insurers just don't want to insure your house for some reason and their way of telling you that is to give you a crazy high quote.A body of mine that owns a large portfolio is insured through Vermont Mutual or something like that.

Long term investors will eventually have a large loss claim so appreciate you sharing if you can.  

Especially one that will be inheriting a large donation like property.