California E&S Insurance

[Landlord US — CA] I rent out a well-maintained and renovated four bedroom three bathroom SFR in a HCOL area. It’s a paid off asset. I live out of state so a property management company manages it for me. I have a strong landlord insurance policy that was tough to get because the home is in an area of CA where the risk of wildfires is rather high. Earthquakes too. And floods because the home is across the street from a (very small) lake. 🙄 I currently require renters’ insurance with a minimum of $300K in liability insurance. I have an opportunity to re-visit the lease agreement when the current tenants move out this spring. Although nothing has happened and everything has gone smoothly (knock on wood), I’m taking a closer look at the lease and wondering if I should revise any aspects of it. Does anyone out there require their tenants to carry renters’ insurance policies with $500K in liability coverage? If so, why do you require that high of an amount? Under what circumstances should I consider requiring that high of an amount?

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  "title": "[Landlord US — CA]",
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