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Updated over 3 years ago on . Most recent reply

User Stats

94
Posts
27
Votes
Lorraine Patterson
  • Rental Property Investor
  • Queens, NY
27
Votes |
94
Posts

Is liability insurance required or recommended

Lorraine Patterson
  • Rental Property Investor
  • Queens, NY
Posted

Hello BP, my vacation rental is by or on a body of water, I'm allowing the use of my Kayaks, is there any type of Liability Insurance I should purchase? Thanks!!!

Most Popular Reply

User Stats

616
Posts
515
Votes
Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
515
Votes |
616
Posts
Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
Replied

Yep. CYA with every type of insurance you can find. Cover yourself with an LLC, and a trust if you can. And, get a personal liability umbrella policy. I have a 1 million PLUB that is only $16/month.

gp

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MGM Property Pros LLC

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