Would you recommend an umbrella policy?

[John Liebau]

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?