Hi Guys, I am in the process of organising landlord insurance for a recent regional NSW IP purchase. I have decided to go with Terri Scheer but would just like to know everyone's thoughts on how much I should insure it for? Its a 2 bed townhouse in a large NSW regional town. Standard finishes - nothing too flash. The cover starts at $60,000 which is $356 per year while for $70,000 it jumps to $487 per year. Is there a rough rule of thumb for the amount of cover or what does everyone suggest? Thanks all much appreciated.