STR insurance? LLC?

[Danny J.]

Hi

I'll be closing on a house to use mainly as a short term vacation rental and wanted some insurance suggestions. Cost definitely would be a factor but I'd like to know which company has the best bang for the buck.

Also, I was wondering if a LLC was necessary or would the insurance liability coverage be enough? Would a personal umbrella policy help or is there something else I can add to it? Has anyone had any experience needing the insurance coverage plus extra? Has anyone been sued? I'd like to hear about any experiences if that's ok.

Thank you!