Also, when you obtain your insurance it will be land lord insurance and your insurance company should  provide you with some liability coverage (300k?) 

Then you may want to think about just having 1 million or 2 million umbrella liability coverage for the first few properties.  

The listed price was currently for $200K, but we still wanted to get 10% bellow that.Since I am a newbie, I had to run my numbers with everything known, and finally I spent half the day getting quotes from the various types of insiurence coverages for what I'd need to rehab it, rent half of it, and live in the other half all while fully covered.

Has anyone had luck finding a insurance provider that offer any type of coverage to help with the replacement cost of expensive items such as A/C units or boilers?  

Guys, what kind of insurance is needed, i.e. type/terms/coverage etc for a 4plex in the central california valley?

FYI - The quotes do include wind (hurricane) coverage which is a necessity around here.Are these quotes typical?

It is a basic coverage so you should not have to go surplus lines route.  

They over insure, pay out the nose each month for that coverage, and then use the policy for every minor issue that's covered.

I have a number of other properties like it and mostly bought special coverage replacement cost (RC) and one property has broad ACV (actual cash value).  

I pay closing costs.10k down.Monthly Rent at current 100% occupancy is $5,710Vacancy 7%: $399.70CapEx 5%: $285.50Management 7%: $399.70Repairs 5%: $285.50Insurance: $316.00P&I: $2,093.60Property Taxes: $375.00Pest Control $150Dumpster $200Total Expenses $4,340.80NOI $1,200.00Debt Coverage Ratio: 1.74Income-Expense Ratio: 1.42%