Landlord/Umbrella Insurance

[Jeff Wang]

Hello,

I have one investment property which is a SFH. I have the option of going with a landlord policy with $1M in liability coverage. I can pay $300 more per year to get that to $1.5M using the umbrella/excess insurance policy. I'd like to keep it simple by only getting the landlord without the excess but I'm not sure how much is enough.

Please advise.