Insurance for rental property

[Tom Benette]

We own an LLC which in turn owns a rental property (single condo). We use outside managers to manage the property.

Right now I am using an All State personal policy on the rental property with the LLC as additional insured and, in addition, a personal umbrella policy to cover anything in excess to what is covered by the personal policy. Although the agent has repeated assured us that this structure is fine, but we are worried that personal policies like this will cover a business like the LLC.

I am wondering what kind of insurance you guys would recommend for situation like this. Is there any specific recommendations?

Specifically, we would like to cover the following risks:

•  bodily injury - the tenant tripped and sues us
•  property damage - flood/fire damages the house
• "tort claims" - negligence of the property manager caused harm, etc.

Thanks!