Insurance

[Brad A.]

What should an insurance policy look like for a single family rental? How about insurance for the over all business that has a number of single family units?

[Jeff B.]

First, each property needs a Landlord  policy(LP), which provides fire, protects the lender from loss and you from public liability (some up to 1mill ).

Second, an umbrella policy adds protection on and above the LP.

I hand each tenant a copy of Renters Insurance so they can protect themselves.