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Minimum liability coverage on rental units
Happy New Year, everyone!
I am under contract for a multi-property turnkey deal that covers a rust-belt area of central PA. I am comparing insurance rates for the portfolio and was offered widely varying quotes. What is the recommended liability coverage that you all carry on buy-and-holds? One company set the liability coverage a $1M and the other at $300,000. These properties will be in an LLC.
Thanks for your thoughts!