Hi-I just put my third SFH rental under contract and when speaking to an insurance broker he mentioned I may do better switching from individual policies to one commercial policy, especially as I continue to add any other properties to my portfolio.  

@Zach Kramer honesty is the best policy.

Often people are closer to retirement and are happy to have zero loan payments, just cash flow and real estate to pass on to their heirs (hello, stepped up tax basis).

In that case, a big umbrella policy might be your best bet in the short term until you have more to protect. 

Umbrella policy and good judgment. 

The best public policy would be to get rid of Prop 13 altogether.

High premises liability, low deductible your last 2 years of ownership at a min + lost rentsYou may want to consider a rental policy for entire property and a renters policy to cover your belongings for your side.

You may need to do a Renovation Builders Risk during the construction and then switch to regular policy once you get the CO. 

Here's the thing if you are removed from the requirement (to a flood zone X for example) we can write for you a Preferred Rate Policy (PRP) which is around the $550 for a primary residence and $750 for a second home. 

My policy is that rent is due on the 1st.