what insurance do you need

[Hegsdery Gret]

when buying a property you need to take title insurance landlord insurance, umbrella policy . is there some other insurance which is needed which is suggested?

[Will Fraser]

If there is a loan on the property then the loan will likely stipulate that you carry hazard insurance (which is a landlord or a homeowner insurance policy) on the property.  You may also choose to carry an umbrella or personal liability insurance to safeguard against liability not covered by the specific policies or generated from an alternate activity in the business.

Title insurance is a product offered by title companies in essence to guarantee that there is only one claim to ownership of the property.  If there is a lender in the mix they will likely require this, otherwise it is up to your discretion.