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Updated almost 7 years ago,
A 1 Stop POLICY
Someone mentioned that you should possibly look at getting an umbrella insurance policy on yourself once you get into owning multiple properties. A friend gave me an example! He had a friend who was at the airport and the friend left his bag a little to close the walking area and someone sued him personally after falling and tripping over the bag.I say where do you stop with all these policies regarding liability?The order of operation and the following policies,(1) LLC (2) Umbrella insurance policy on the house (3) Umbrella insurance policy on yourself (4). Renter having insurance.Where does the madness stop? What is your recommendation?