Typically these rental insurance policies will have some liability coverage built in, the one I just got had 500k.

Hello,We opened claim to replace the roof because of wind/hail damages (we have the coverage).

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Go get quotes from them all and have an honest insurance agent help you compare coverage rates.Good luck!

However, after sending out their inspector my homeowner's insurance company dropped my coverage due to the siding.

I currently own a 2 family house which started as owner occupied insurance coverage (HO-3) but I moved out of the house and made it into a rental property.  

The Lease requires Tenant to carry a renter’s insurance policy covering Tenant’s household goods, personal property and personal affects in an amount not less than $10,000.00 and liability insurance coverage in an amount of at least $250,000.00 naming Landlord as an Additional Insured.

I pay $180 for a million dollars worth of coverage.

Your best option will depend on what your priorities are.Does your lender have specific coverage requirements?

I found another broker to make sure: Through her, I got a quote for a similar coverage with another insurer for less than $700/yr.However - surprise - as I was in the process of binding the policy, the broker advised me that (to her surprise) the insurance company no longer issues policies in my zip code.