Given that the insurance for my condo, which is rented out, is up for renewal, I thought I would ask people what level of cover people think I should have and any other helpful comments that they may have

This is the current renewal for a cost of $379 and is from Travelers

Thanks

Section I - Property Coverages Premium
Limit of Liability
_____________________________________________________________________________________

A - DWELLING $ 42,000 INCL
C - PERSONAL PROPERTY 26,250 $ 97.00
D - LOSS OF USE 13,125 INCL
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Section II - Liability Coverages
_____________________________________________________________________________________

E - PERSONAL LIABILITY (BODILY INJURY AND
PROPERTY DAMAGE) EACH OCCURRENCE 500,000 55.00
F - MEDICAL PAYMENTS TO OTHERS- 5,000 incl
EACH PERSON
_____________________________________________________________________________________

Policy Forms and Endorsements

HA-6 (12-86) Homeowners 6 Condominium Unit
Owners Form
HA-300 NY (11-03) Special Provisions
HA-390 NY (12-02) Workers Compensation and Employers
Liability
HA-406 NY (02-98) Special Condominium (and Cooperative)
Form Provisions
56494 NY (06-91) Contents Replacement/Repair Cost 35.00
Coverage
HA-32 (12-86) Condominium Unit-Owners or 150.00
Apartment Share-Owners Building Coverage
Non Specified Perils
HO-33 (01-86) Unit-Owners Rental to Others 28.00
56432 (12-86) Loss Assessment Coverage 14.00
I & II Non-Specified Perils

Total Premium $ 379.00
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Your Premium Reflects the Following Credits or State Surcharges

Security Credit -13.00

Premium way too high!!!

That seems about right, although half a million in liability seems like a low coverage level -- we carry a million due to our condo requirements.

But that feels like about our premium, I think we have a little more coverage for the same price, but our condo is our primary residence and generally insurance is more expensive when tenants are involved.

ali r.
{downtown broker}