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Updated almost 5 years ago,
Umbrella and liability insurance
I have 4 rental properties and have 2 separate liability insurance policies. I would like to know
1. Difference between umbrella and liability insurance.
2. Do I have to buy liability or umbrella insurance for each property? or one policy will cover all four?
3. Do I buy the umbrella or liability insurance in my name or in the name of the LLC of the property?
I would appreciate your answers and experience.