Do I need an umbrella policy??

[Robert F.]

I am a first-time home buyer. The property is a duplex and it will be my primary residence once tenants clear out. The current landlord is giving lease termination notice before I close I plan to rent the upstairs apartment to current or new tenant.

Do I need an umbrella policy or will homeowners insurance be sufficient? Also, is there any reason I would need to establish an LLC?

If there are any PA brokers looking for business, please message me. I would love to have a conversation about my situation to ensure I’m adequately covered but not paying for anything unnecessary.

Thanks in advance!