Good morning. I would highly recommend that you pay for the larger policy and avoid signing the lease in your own name. You really never want to take on personal liability for all the obligations under the lease and a larger insurance policy is a small price to pay for being allowed to have only your business on the lease so that your personal assets are protected.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.