I have a "Landlord Condo Insurance Quote" through Geico who I use for my primary residence that covers Dwelling, Household Furnishings, Loss of Use, Personal Liability (up to $500k), Medical Payments, Replacement Cost Household Furnishings, Building Ordinance or Law Coverage, Limited Fungi or Other Microbes Liability & Remediation. 

. - Run a comprehensive check of each applicant’s credit history, rental history, and criminal/civil background to include any evictions filed.

There is more variance in the terms on a Commercial Policy and multiple types of policies (BOP vs Package) so you have to be careful in comparing coverage.  

Some other items to look at that may limit the what Insurance companies will write the coverage:- any in ground tanks- any knob & tube or aluminum wiring- FusesGood luck with the project

@Alejandro Calixto The difference is total potential coverage.

also how should i go about assessing the coverage?

You need to get insurance and if getting a loan the bank will dictate some of the coverage you need.

Do a walk thru before and after to assess condition of the property, and clarify insurance coverage. 

Nevertheless, FHFA continues to offer comprehensive loss mitigation programs for borrowers with eligible hardships.

Although many of the coverages are similar, the rates will be different.