Question about insurance...

[Brian H.]

Hello folks!

I am closing on my first package of multi-family properties here in less than a month.

I will end up with 1 quadplex, 3 duplexes, and one 1br/1ba little block house.

My question is how to handle my insurance.

Up to this point, I have only flipped.  The properties will be under my LLC. I assume umbrella insurance is still smart? If so, any recommendations on where to look for that? Am I looking for anything different since this is a commercial loan? Also, what sort of "homeowners" insurance is used in this instance? Any recommendations here as well? Assuming something different than the sort of home owners insurance I use with flips since these are with a commercial loan and multiple buildings? I am in NC. Just didn't know if there were any real specific issues I need to know about or anything. I am completely clueless on this specific piece.

Thank you all for any help and/or advice!!