Is this home insurance coverage good for me ?

Can some experts check this home insurance policy coverage and let me know if its OK & good.

– I brought a town home last year (Chicago suburbs)
– Purchase price 220K
– Town home , 2000 sq ft, 3 bed,2.5 bath, un finished basement,2 car garage
– 4 units are connected
– I don’t have much personal property inside expect the basic ones.

Here is the coverage details, check and let me know if its OK & good, give me more suggestions if needed:
(See Policy for Applicable Terms, Conditions and Exclusions)
Building Property Protection $ 200,000
Ÿ $ 500 All Peril Deductible Applies
Personal Property Protection Reimbursement Provision $ 40,200
Ÿ $ 500 All Peril Deductible Applies
Additional Living Expense Up To 12 Months
Family Liability Protection $ 100,000 each occurrence
Guest Medical Protection $ 1,000 each person
Loss Assessments $ 50,000 each occurrence
Ÿ $ 250 All Peril Deductible Applies
DISCOUNTS Your premium reflects the following discounts on applicable coverage(s):
Protective Device 5 %
The dwelling is of Frame construction and is occupied by 5 families
Your dwelling is 1 mile(s) to the fire department


I am paying around $ 330 per year for this policy

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