liability policy for rentals

[Craig Moffett]

My attorney recently advised that I get a separate and specific liability policy for my rentals. I had a personal liability policy but he wanted a specific one naming my Rental LLC and the addresses. I just got a quote back from an independent insurance agent and it was vastly more then I expected (same annual premium as my home insurance on my rental). I was under the impression that liability policies were significantly cheeper then general insurance (as my personal policy is) Does any one here use and advise a rental specific liability policy and in your experience has it been quite expensive?

[Stephen J Davis]

Is he referring to an umbrella policy? That would cover all of your houses and is about the same as insuring one house. I keep $300,000 to $500,000 liability on each house and a $1,000,000 umbrella policy.