Real Estate Insurance & Umbrella Policy

[Weis Sherdel]

I am a novice real estate investor, and very close on acquiring my first rental property in Indianapolis. The long term vision is to own 10 SFR.

My research here at BP tells me an LLC is not necessary, but then everyone talks about an insurance that can serve the same purpose. Can someone please clarify what this insurance protects, how do I get one, etc? Forgive the rudimentary nature of this questions, but the only insurance I know is the homeowner insurance.