The property is around 140k and the agent was going to run the numbers exactly but from doing this "all the time" he estimated that it would be 1400-1500 a year for coverage. 

It asked about my medical expenses, losses, insurance coverage, and what I thought would be a fair punishment and restitution.I'd like for her to pay us $160 for all 4 cameras, or at least $40 for the camera that was in the house that caught her.

That should take care of just about anyone's liability fears so long as you can show you can actually pay amounts, and you may obtain liability coverage for yourself, together that should do.

This way you understand what coverage's you are paying for. 

Insurance seems low to me, all of mine are around $1k yearly (also includes umbrella coverage however).Tough to find a "perfect" deal in the area right now so if you feel comfortable with the numbers jump in!

Second, a little known fact about getting commercial insurance is that once a broker submits the application to a company for your coverage it locks ALL other brokers from going to that company.

Account ClosedThanks Nick as always for thinking of us but we stay within the city limits for coverage area and mostly within 60637 & 60617. 

Its kind of like getting both a salary and stock options in tech.If you are not in a high tax bracket and/or are not going to get real appreciation you may want to consider lending as the returns are higher and you get a lot more risk coverage because its backed by RE and typically by the assets of the person you gave the money to.  

Each policy should have their own liability coverage.

You're going to have a hard time getting someone to answer comprehensively because you're looking for crash course in deed/title land work.