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Updated over 6 years ago on . Most recent reply
Would you recommend an umbrella policy?
I currently don’t plan on using an LLC for my rental properties, because I’m doing owner occupied properties and househacking my first couple with VA and FHA. Something I’ve been thinking about lately is having reserves for when things go wrong. Which led me to what if things really go wrong? I’m thinking about looking around for an umbrella policy. Would any one recommend this if I’m not buying properties through an LLC currently?
Would you recommend getting in to having an LLC ASAP?
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
Landlord or not, LLC or not, if you have assets you should get an umbrella policy to protect you. Talk to your insurance co.