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Updated over 2 years ago on . Most recent reply

User Stats

186
Posts
62
Votes
Shane Baganz
  • Rental Property Investor
  • Saint Cloud, WI
62
Votes |
186
Posts

Umbrella Insurance Limit?

Shane Baganz
  • Rental Property Investor
  • Saint Cloud, WI
Posted

Hey guys,

How do you determine the amount of Umbrella insurance you take?  

How did you determine your limit?  

My properties are in an LLC

Thank you in advance.

Most Popular Reply

User Stats

348
Posts
244
Votes
Cameron Moore
#3 Insurance Contributor
  • Insurance Agent
  • DFW, TX
244
Votes |
348
Posts
Cameron Moore
#3 Insurance Contributor
  • Insurance Agent
  • DFW, TX
Replied

I work with a lot of investors and my advice would simply be to just look at all of your assets that you need to protect. If you look at your Portfolio and it is worth 2.5 Million to you then make sure you have between $3 and $4 Million in total coverage. If you have a General Liability policy covering your LLC (You should) then you can buy a $1 Million Umbrella policy for less than $300 Annually in most cases.

  • Cameron Moore
  • [email protected]
  • 682-593-4016
  • Loading replies...