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Updated about 7 years ago,

David K.'s profile image
David K.'s profile image
David K.
  • Rental Property Investor
  • from Plainview, NY
  • Member since Apr 24, 2015
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User Stats

123
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28
Votes
David K.'s profile image
David K.'s profile image
David K.
  • Rental Property Investor
  • from Plainview, NY
  • Member since Apr 24, 2015
Connect
David K.
  • Rental Property Investor
  • Plainview, NY
28
Votes |
123
Posts
Buying & Selling Real Estate

Should I need an Umbrella Insurance Policy for my SFH's

David K.
  • Rental Property Investor
  • Plainview, NY
Posted

Dear all,

I have acquired 4 SFH and 1 duplex in 2017, and I have two more in works that should close soon.

All except one I have done in partnership with a friend of mine and all of the properties were purchased using our personal names and conventional loans.

My guess is that I need to obtain the umbrella insurance policy to shield my personal residence and my family from any potential litigation.

What are your thoughts and what do you do in your own similar scenarios? How concerned should I be?

thank you!

Davd

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